Shares up 37% premarket (Il Sole 24 Ore Radiocor) - New York, 02 May - Shares in Carvana surged in premarket trade after the online used-car seller reported its "best results in company history" in a sign its restructuring efforts are paying off.

In the first quarter, Carvana posted a net profit of 49 million dollars compared to a net loss of 286 million in the same period last year.

Revenues in the three months rose to 3.061 billion dollars from 2.606 billion a year earlier, it said.

At 1224 GMT Carvana shares were up 37%.

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(RADIOCOR) 02-05-24 14:29:39 (0392) 5 NNNN