Carvana earnings exceeded expectations in the first quarter as originations increased 29.3% year over year and retail sales strengthened. Originations rose 23.1% sequentially to $1.8 billion, while retail sales increased 16% year-over-year to 91,878 units, according to the retailer’s May 1 letter to shareholders. Gross profit per unit Other gross profit per unit (GPU), which […]
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