Retail

‘Very different’ Carvana posts $373 million Q1 net profit, quarterly sales record

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“We’ve got significant margin to work with,” Carvana CEO Ernie Garcia said. “We’ve got significant cash balances. We’re simultaneously growing very quickly." (PHILIP NUSSEL/AUTOMOTIVE NEWS)
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By:
C.J. Moore
Last Updated
May 08, 2025 12:15 AM

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