Carvana increased sales by 46% year-over-year in the first quarter, moving 133,898 units and generating $4.2 billion in revenue, both all-time quarterly records, following a similarly positive Q4 report. +

Carvana has acquired Jerry Seiner Chrysler-Dodge-Jeep-Ram of Casa Grande, Ariz., marking the online retailer and dealer disruptor’s first foray into the new vehicle business. +

Carvana’s stock fell by double digits on consecutive days following glowingly positive Q4 reports. Investor’s Business Daily’s Aparna Narayanan explains how a corresponding call for funding spooked the market. +