Carvana reports Q1 loss, surpasses Wall Street revenue estimates

//Carvana reports Q1 loss, surpasses Wall Street revenue estimates

Carvana reports Q1 loss, surpasses Wall Street revenue estimates

Carvana Co. continues on its rapid growth trajectory as it posted its 21st consecutive quarter of triple-digit revenue growth with sales climbing 110% for the first quarter, despite posting a loss. The Tempe-based online used car retailer reported a net loss of $28.5 million, or a 69 cents per share, on revenue of $755.2 million for the quarter ended March 31. That compares to a net loss of $7 million, or a 53 cents per share, on revenue of $360.4 million for the same quarter a year ago. Though…

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By | 2019-05-08T23:48:53+00:00 May 8th, 2019|Technology|

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