Carvana reports a 45.4% increase in revenue, but a big loss in Q1
James Melton
Online used-car dealer Carvana Co. reported a three-digit percentage increase in losses for its first quarter compared with last year—along with an expansion into new U.S. markets and several steps meant to help the company weather the COVID-19 pandemic. Carvana’s sales were hit hard when the U.S. pandemic lockdowns started in March and early April, […]