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Carvana expects first-quarter core loss between $50 million and $100 million, down from a core loss of $348 million a year earlier.
The used-car retailer, known for its automated car vending machines, allows users to buy cars online and offers home deliveries, which made it popular during the COVID-19 pandemic when people were confined to their homes.
However, demand for used cars has cooled in recent months, as people cut back on discretionary expenses amid recession worries.
