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Carvana (CVNA.US) Q3 Earnings and Revenue Were Higher Than Expected

Carvana (CVNA.US) reported higher-than-expected profit and revenue for the third quarter, mainly due to increased automobile sales. The company reported quarterly profit of $0.148 billion on Wednesday, down 80% year-on-year, or 64 US cents per share, which is still higher than analysts' earnings of 23 US cents per share. Revenue increased 32% to $3.66 billion, higher than analysts' previous expectations of $3.47 billion.
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