Impressively, Carvana turned a profit in 2023 and in 1Q 2024. But there's more to the story here. On the surface, Carvana (CVNA 4.44%) looks like it had a spectacular turnaround year in 2023. Earnings rocketed from a $15.74 per share loss in 2022 to a profit of$4.12 per share. And it also seems like it got off to a big start in 2024, with a first-quarter profit of $0.24 per share. These are impressive results, but there's more to the story here than there appears to be. Here are three things you need to ke ...