Carvana Q1 revenue shoots up but does the online used-car retailer's net loss

Online used-car retailer Carvana, which offers home delivery or giant vending machines in lieu of dealerships, saw first quarter revenue shoot up 118 percent compared to the same quarter in 2016 to $159 million, but the listed company’s net loss for the same period rose 122 percent to $38.4 million, reports Auto Remarketing.