Carvana Co. (CVNA) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.038 Good day and welcome to Caruana's first quarter 2025 earnings conference call. 00:00:05.038 -- 00:00:08.102 All participants will be in listen-only mode. 00:00:08.102 -- 00:00:12.007 Should you need assistance, please signal a conference specialist by pressing the star 00:00:12.007 -- 00:00:16.954 key followed by zero. After today's presentation, there will be an opportunity to ask 00:00:16.954 -- 00:00:22.121 questions. To ask a question, you may press star, then one on your telephone keypad. 00:00:22.121 -- 00:00:25.506 To withdraw your question, please press star, then two. 00:00:25.506 -- 00:00:28.280 Please note, this event is being recorded. 00:00:28.280 -- 00:00:32.667 I would now like to turn the conference over to Matt Kehan, Investor Relations. 00:00:32.667 -- 00:00:35.148 Please go ahead. 00:00:35.271 -- 00:00:39.298 Thank you. Good afternoon, ladies and gentlemen, and thank you for joining us on Carvana's 00:00:39.298 -- 00:00:42.082 first quarter 2025 earnings conference call. 00:00:42.082 -- 00:00:45.688 Please note that this call will be simultaneously webcast on the Investor Relations section 00:00:45.688 -- 00:00:49.150 of the company's corporate website at investors.carvana.com. 00:00:49.454 -- 00:00:52.546 The first quarter shareholder letter is also posted on the IR website. 00:00:52.546 -- 00:00:56.431 Additionally, we posted a set of supplemental financial tables for Q1, which can be found 00:00:56.431 -- 00:00:59.395 on the events and presentations page of our IR website. 00:00:59.395 -- 00:01:03.400 Joining me on the call today are Ernie Garcia, Chief Executive Officer, and Mark Jenkins, 00:01:03.400 -- 00:01:07.124 Chief Financial Officer. Before we start, I would like to remind you that the following 00:01...