Online used-car dealer Carvana Co. said it is aggressively cutting costs as demand from consumers remains under pressure and the company faces the prospect of an economic downturn.
Expenses are an aspect of the business that Carvana can control as it confronts an uncertain economic outlook, said Daniel Imbro, managing director at Stephens Inc. “Cost cuts are in focus until demand stabilizes,” Mr. Imbro said.
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