Carvana Co Q2 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Bradley D. Erickson - RBC Capital Markets, Research Division - Analyst : So ultimately, what's going to catalyze kind of a return to quarterly retail unit growth here? Is it just getting kind of through this restructuring process, saying kind of stabilizing the balance sheet, maybe returning to inventory growth at some point? Or is it just more a function of the market? Or I guess, between those 2, which is more important to driving a rebound to your retail unit sales growth?

Question: Bradley D. Erickson - RBC Capital Markets, Research Division - Analyst : Got it. And then maybe just a follow-up. You just mentioned kind of the efficiencies as you've kind of throttled run rates almost. Historically, when you guys are growing so fast, right, OpEx was kind of always running a little bit hot just because you were kind of struggling to catch up with demand to most degree. What -- like as you think about the rebound, what costs will have to be incurred when you start to increase that sales run rate? I think that's where people are maybe a little bit struggling with how to bridge the math, understand all the leverage and the efficiencies you and Mark have spoken to here this morning, but just how to think about that rebound and how we control costs as we ramp back up production capacity, all that stuff.