Carvana 3Q Profit Rises to $289 Million as Vehicle Sales Climb Nearly 40%
Carvana reported third-quarter profit of $289 million, or 39 cents a share, as vehicle sales rose nearly 40% from a year earlier.
By Natalie WegerCarvana's quarterly profit climbed as it sold nearly 40% more vehicles than it did a year earlier, a reflection of hot demand for used vehicles while new cars remain pricey.The online used-car retailer on Wednesday reported a third-quarter profit of $289 million, or 39 cents a share…