Carvana’s originations soared in the first quarter as the retailer increased product offerings and advertising and sales increased. Carvana’s originations jumped 59.3% year over year and 19.4% quarter over quarter to $4.3 billion in Q1, according to its shareholder letter published April 29. “Q1 was a strong quarter driven by our team’s continued focus on profitable growth and strong execution,” Mark Jenkins, chief […]
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