Thursday, May 4, 2023

Carvana posts smaller Q1 net loss; revenue falls 25 percent

Carvana posts smaller Q1 net loss; revenue falls 25 percent https://ift.tt/6WaNqXj

The online used-vehicle retailer reported a net loss of $286 million for the quarter ended March 31, smaller than its loss of $506 million in the year-ago period. Revenue fell 25 percent to $2.6 billion.

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