Carvana Is Eating Traditional Auto Dealers' Lunch
Carvana reported strong Q1 revenue growth of 52% year-over-year, significantly exceeding analyst expectations by $322 million. The company maintained profitability with an EPS of $1.69 despite lower gross profit per unit, driven by improved operating efficiency. Management provided optimistic guidance for Q2 and long-term targets, including 3 million retail units and a 13.5% adjusted EBITDA margin by 2030-2035.
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