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00:02Carvana reported first quarter earnings of $1.69 per share on $6.43 billion in revenue,
00:11beating analyst estimates of $1.50 per share and $6.08 billion. According to Benzinga Pro Revenue,
00:18increased 52% year over year as the company sold 187,393 vehicles during the quarter,
00:26with vehicle sales rose 40% from the prior year. The company marked its sixth consecutive quarter
00:33of at least 40% year over year retail unit growth and reported record financial results,
00:38according to CEO Ernie Garcia. Carvana expects a sequential increase in retail units sold and
00:44adjusted EBITDA in the second quarter. The company said it remains on track to deliver growth in both
00:51metrics in 2026. Shares were up by 7.99% at $438.88 in Thursday's pre-market trading,
00:59according to Benzinga Pro. For all things money, visit Benzinga.com.
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