Carvana’s record quarterly results top Wall Street expectations
Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Carvana CEO and co-founder Ernie Garcia loosely addressed potential impacts of tariffs on the business, saying the com experienced “little gyrations” of demand that have since leveled off.
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