September 30, 2025
March 22 (Reuters) – Carvana Co (CVNA.N) said on Wednesday it expects a smaller core loss in the current quarter as its cost-cut measures have helped mitigate some impact of a decline in used-car sales.
The debt-laden company has taken a series of steps, including job cuts, over the past year to cut costs as it struggles to sell cars acquired at elevated prices, with buyers hit by inflation and worried about a recession cutting spending.
The company’s business model became popular during the COVID-19 pandemic, as people opted for readily available used cars instead of newer vehicles whose supply…