CNBC Television published this video item, entitled “Carvana CEO Ernie Garcia on the company’s first profitable quarter” – below is their description.
Ernie Garcia, founder and CEO on Carvana, joins ‘Squawk Box’ to discuss the company’s earnings and the outlook for the used car market. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Carvana shares edged up over 1% after the online used-car retailer posted an unexpected profit for its latest quarter. It marked the company’s first profitable quarter. Carvana also posted better-than-expected revenue as auto sales enjoyed a boom in demand since the pandemic began last year.
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