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Carvana holds off on loan sales

Originations decreased 28% YoY

Amanda Harris

Carvana held onto a higher volume of finance receivables on its balance sheet in the first quarter to maximize yield as the retailer pulled back on inventory and advertising spend to reduce costs.   Finance receivables held for sale tallied $1.6 billion, up 20.4% year over year, according to the retailer’s letter to shareholders Thursday. […]

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