Carvana reported record first-quarter results Wednesday that beat Wall Street’s top- and bottom-line earnings expectations for the online used car…
Carvana reported record first-quarter sales Wednesday that beat Wall Street's expectations, as the used online car retailer turned a profit.
The results follow a major restructuring by the company over the last two years to focus on profitability rather than growth after bankruptcy concerns in 2022.popped more than 30% during after-hours trading Wednesday after the automaker reported record quarterly results and turned a profit during the first quarter.Carvana reported record first-quarter net income of $49 million, compared to a $286 million loss during the prior-year period.
The company's gross profit per unit, or GPU, which is closely watched by investors, was $6,432. Carvana's adjusted profit margin for the quarter was 7.7%.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What's The '30-30-30 Rule' And Does It Actually Make You Healthier?Sydni Ellis grew up in Texas, where the iced tea can never be too sweet and everyone does their makeup before going to the grocery store. She is a freelance writer with work in POPSUGAR, HelloGiggles and other publications focused on lifestyle, wellness, anxiety, entertainment, parenting, politics, astrology, sexual health and more.
Read more »
30 Overlooked 1994 Albums Turning 30A look back at 30 albums turning 30 this year that may not get remembered with their own lavish anniversary celebrations.
Read more »
30 Under 30 Europe 2024: The Founders Fixing Painful Periods, Printing Prosthetics And Pulverizing PathogensI'm a senior writer at Forbes covering healthcare technology, and I also write the InnovationRX newsletter. I was previously a healthcare reporter for POLITICO covering the European Union from Brussels and the New Jersey Statehouse from Trenton. I was a 2019-2020 Knight-Bagehot Fellow in business and economics reporting at Columbia University.
Read more »
San Diego's Weather Forecast for April 30, 2024: Morning fog Wednesday, warmer week's endMegan Parry joined the ABC 10News team in 2014 as an esteemed meteorologist with a passion for delivering accurate weather forecasts and engaging with her community.
Read more »
First Alert Weather Day declared for Wednesday and Wednesday nightVery heavy rain, strong to severe storms and gusty winds are expected to impact the area.
Read more »
Wall Street barely budges as it braces for Wednesday’s inflation reportU.S. stock indexes held at a near-standstill again, as traders made their final moves ahead of some potentially market-moving reports.
Read more »