Used-car retailer Carvana expects smaller core loss, shares jump
Carvana expects first-quarter core loss between USD 50 million and USD 100 million, down from a core loss of USD 348 million a year earlier. The used-car retailer, known for its automated car vending machines, allows users to buy cars online and offers home deliveries, which made it popular during the COVID-19 pandemic when people were confined to their homes.
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