LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of earnings per share

The following table displays the computation of basic and diluted loss per share for both Class A and Class B common stock for the years ended December 31, 2021, 2020 and 2019:

	For the Years Ended December 31,
	2021		2020		2019
	(in millions, except per share amounts)
Net loss	$	(521.1)	$	(363.0)	$	(282.4)
Weighted-average common shares outstanding: basic and diluted (both Class A and B)	249.2		75.5		33.9
Loss per common share: basic and diluted (both Class A and B)	$	(2.09)	$	(4.81)	$	(8.33)

Schedule of anti-dilutive securities

We excluded the following potentially dilutive common stock equivalents, presented based on amounts outstanding at each year end, from the computation of diluted EPS attributable to common stockholders for the years indicated because including them would have had an anti-dilutive effect:

	As of December 31,
	2021	2020	2019
	(in millions)
Options to purchase common stock	6.5	10.4	12.3
Nonvested shares subject to repurchase	2.2	5.0	7.2
Restricted stock units	8.9	0.4	—
Redeemable convertible preferred stock (as converted to common stock)	14.1	—	158.9
Warrants to purchase common stock(1)	129.1	—	—
Warrants to purchase redeemable convertible preferred stock (as converted to common stock)	—	—	0.6
Total	160.8	15.8	179.0

_______________

(1) Warrants outstanding as of December 31, 2021 would result in a maximum of 129.1 million shares of Class A common stock, if they vest and are fully exercised by Carvana for cash.