The company said it determined that the Tax Asset Preservation Plan was no longer necessary to preserve its material valuable Tax Attributes and set a final expiration date of June 4, 2024. As a result, the rights under the plan expired and the plan terminated at the close of business on June 4. The company's determination was made on June 3, 2024.

1. 01

   The company said it determined that the Tax Asset Preservation Plan was no longer necessary to preserve its material valuable Tax Attributes and set a final expiration date of June 4, 2024. As a result, the rights under the plan expired and the plan terminated at the close of business on June 4. The company's determination was made on June 3, 2024.

2. 02

   Carvana filed a Certificate of Elimination with the Delaware Secretary of State on June 5, 2024 in connection with the termination of the Tax Asset Preservation Plan. The filing returned the Series B Preferred Stock to authorized but undesignated shares.

3. 03

   The company said it repurchased and cancelled $250 million in face principal amount of its 9.0%/12.0% Cash/PIK Senior Secured Notes due 2028 from Q2 2024 through June 6, or about 24% of the notes then outstanding, for a total purchase price of $259 million.

4. 04

   The company said it sold about 3 million shares of Class A Common Stock at an average price of $114.85 per share under its at-the-market offering program during Q2 2024 through June 6, for total proceeds of about $350 million.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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