1229 ET - Carvana thinks better-than-expected results in 1Q represent a culmination of efforts years in the making more than an immediate macroeconomic driver. "I think all of that work over a long period of time adds up and then I think you can see pretty great results... I don't know if there's an immediate macro driver of the success," said CEO Ernie Garcia in an interview with CNBC's "Squawk Box." Many on Wall Street expect companies that focus on used cars to be beneficiaries of higher tariffs as prices for new cars are expected to go up in response. Garcia, in response to a question on the role of tariffs, said a case can be made for and against their impact on used cars. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 08, 2025 12:29 ET (16:29 GMT)
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