Carvana sold a quarterly record of 197,325 retail units in the second quarter, delivering 38% year-over-year growth in volume. That sales pace translated into total revenue of $7.38 billion, a 52% expansion from the prior-year period. The growth streak began after the e-commerce car retailer restructured operations and refocused on profitability following a period of rapid expansion.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.