Part 3/8:
In examining the most recent quarter, specifically the third quarter of 2018, Carvana's sales soared by 137%, amounting to approximately $486 million. Additionally, the company saw a remarkable 181% increase in gross profit to $57 million. However, it is crucial to note that despite these positive statistics, the company is still posting net losses. In fact, the loss prior to income and taxes grew by 62%, from nearly $40 million to $64 million year-over-year.