Carvana's Strong Q3 Performance
Used-car retailer Carvana reported strong third-quarter results, driven by growing economies of scale, according to executives on the earnings call.
Despite concerns about subprime loan performance, Carvana's chief financial officer stated that its loan performance was strong.
We're getting better as we get bigger
Carvana credits its scale with its strong Q3 performance, seeing it as a competitive moat.
Author's summary: Carvana reports strong Q3 results.
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