Carvana Expects to Beat Guidance as Used-Car Sales Pass Record

Online used-car retailer Carvana Co. continued to grow sales at record levels and beat profit estimates, leading the company to project full-year profits that will hit the high end of...

By David Welch · Bloomberg Markets

Online used-car retailer Carvana Co. continued to grow sales at record levels and beat profit estimates, leading the company to project full-year profits that will hit the high end of its previous projection.