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Rising Expenses Drag on Carvana's Bottom Line

TheMotleyFool

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Rising Expenses Drag on Carvana's Bottom LinePhoto, wide shot, wide-angle lens, Retail store, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/5574eb69-dc38-42f3-aadd-6163ac8bd4a8.png

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

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