Carvana Reports Strong Q1 Earnings with Record Sales and Profitability
Carvana (NYSE:CVNA) reported first-quarter earnings and revenue that exceeded Wall Street expectations, driven by strong retail vehicle sales growth and record profitability. The company achieved a 52% year-over-year revenue increase to $6.43 billion and a 40% rise in retail units sold to 187,393. Despite the positive results, shares fell 4% in early trading.
Tickers: $CVNA
Topics: Earnings Profitability Retail Sales Revenue Growth Stock Performance