Rising Expenses Drag on Carvana's Bottom Line
Online car retailer Carvana (NYSE: CVNA), known for its glass-framed, multistory car vending machines, dispensed a mixed report to investors on Wednesday after markets closed for trading. The company's third-quarter 2019 earnings were notable, as aggressive top-line growth had failed to provide the company with enough operating leverage to prevent year-over-year losses from widening. As we work through the quarter's details below, note that all comparative numbers are presented against those of the prior-year quarter.
Data source: Carvana.
Image source: Getty Images.
Source Fool.com
