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Carvana's third-quarter profit misses expectations, but adjusted EBITDA beats estimates
Barron's reports Carvana said it sold more than 200,000 cars in a quarter for the first time.
TLDR
Barron's reports Carvana's third-quarter profit came in below expectations even as sales climbed. The company said it sold more than 200,000 cars for the first time in a quarter. Bloomberg reports that adjusted EBITDA, a different profit measure, reached $800 million, slightly ahead of analyst estimates.
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