Carvana Co. (CVNA) operates an e-commerce platform for buying and selling used cars. The company raised its second-quarter outlook last month. It now expects to report an adjusted EBITDA above $50 million and non-GAAP total gross profit per unit above $6,000.
While this outlook is encouraging, analysts don’t expect substantial gains as the company struggles to sell cars at higher prices amid recessionary concerns. Analysts are also concerned about CVNA’s debt burden.
