Carvana Q1 net loss surges on expansion outlays

Carvana, in its first quarterly report as a publicly traded company, reported a sharply wider loss on costs related to its expansion even as revenue surged.

Will Facebook be the next big thing in online used-car ads?

Facebook has the potential to be a major force in used-car sales with a new feature called Marketplace, which eases concerns about dealing with strangers.

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