Carvana Co. said its normalized net income for the second quarter amounted to $34,250, compared with a loss of $11.3 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 0.0% from negative 13.1% in the year-earlier period.
Total revenue grew on an annual basis to $209.4 million from $86.5 million, and total operating expenses grew year over year to $245.3 million from $103.8 million.
Reported net income came to a loss of $4.3 million, or a loss of 28 cents per share, compared to a loss of $2.0 million, or a loss of 13 cents per share, in the year-earlier period.