By Nicholas Hatcher
Carvana Chief Executive Ernie Garcia said he expects the used-car business to be less impacted by tariffs than companies that sell new cars.
"We sell used cars, so to the extent that tariffs flow through to steel or to cars, that would be on the new side," Garcia told CNBC on Thursday. "The used cars are already out there."
Garcia said prices on used cars could change: "New car prices go up, I think generally that would also pull up used car prices, but less."
His comments come a day after the online used-car seller reported a rise in first-quarter earnings and revenue, beating analyst expectations.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
May 08, 2025 09:49 ET (13:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。