CVNA - Carvana Analysts Increase Their Forecasts After Strong Sales | Benzinga
Carvana Co (NYSE:CVNA) reported upbeat sales for the first quarter on Wednesday.
Carvana reported first-quarter revenue of $3.061 billion, which beat the consensus estimate of $2.673 billion, according to Benzinga Pro. The company reported adjusted EBITDA of $235 million.
Carvana sold 91,878 vehicles in the fourth quarter, up 16% on a year-over-year basis.
"In the first quarter, we delivered our best results in company history, validating our long-held belief that Carvana's online retail model can drive industry-leading ...