May 2, 2024, 8:54 PM
May 1, 2024, 8:39 PM
Carvana reports record first quarter earnings, stock surges 30%
- Carvana Co. reported $49 million in net income, a significant turnaround from the previous year's loss.
- The online used car retailer's stock price surged 30% after posting record first quarter results.
- Analysts expected a 2.6% fall in retail sales from a year earlier.
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