Carvana Sees Higher Loss, Smaller Loss Margin Featured

By Staff Writer May 11, 2018

Carvana Co. saw its net loss margin improve to 14.6 percent in the first quarter, from 24.2 percent in the same period a year ago.

Net loss was $52.7 million, an increase of 37 percent year-over-year.

Retail units sold totaled 18,464 for the quarter. Revenue totaled $360.4 million.

Total gross profit was $34.2 million. Total gross profit per unit was $1,854.

Carvana lowered its average days to sale to 70, from 72 last quarter and 93 in the first quarter of 2017.

Last modified on Friday, 11 May 2018 12:13

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