Carvana (NYSE:CVNA): Q1
Record Q1 Net Income of $49 million and Net Income margin of 1.6%
Revenue of $3.06B (+17.2% Y/Y) beats by $370M.
In Q1 2024, Carvana sold 91,878 retail units (+16% YoY)
Looking toward the second quarter of 2024, Carvana expects the following as long as the environment remains stable:
A sequential increase in its year-over-year growth rate in retail units, and a sequential increase in Adjusted EBITDA
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