# Carvana

> Carvana lets U.S. consumers buy, sell, finance and trade vehicles online, supported by its own reconditioning and delivery network and the ADESA U.S. wholesale auction business. It generated $20.322 billion in 2025 revenue after a turnaround that put efficiency ahead of expansion.

- **Founded:** 2012
- **Headquarters:** Tempe, United States
- **Founders:** Ernie Garcia III (Co-founder, Chairman and CEO), Ben Huston (Co-founder and COO), Ryan Keeton (Co-founder and Chief Brand Officer)
- **Products:** Online vehicle retail, Sell and trade-in, Vehicle financing, Car Vending Machines, CarvanaCare
- **Notable:** Launched its first retail market in Atlanta in January 2013., Completed its IPO in 2017; NYSE ticker CVNA., Acquired 56 ADESA U.S. physical auction locations in 2022.

## Products & services

- **Online vehicle retail** — Nationwide vehicle search, digital purchase, financing and delivery or pickup; primarily used vehicles, with a newer franchised new-car operation.
- **Sell and trade-in** — Online vehicle appraisal and conditional purchase offers with pickup or drop-off options.
- **Vehicle financing** — Loan origination integrated into checkout; receivables are generally sold to financing partners or through securitizations.
- **Car Vending Machines** — Automated vehicle pickup facilities; the first multi-story version opened in Nashville in 2015.
- **CarvanaCare** — Optional vehicle protection plans, distinct from the included limited warranty.
- **ADESA U.S.** — Physical and digital wholesale auctions and remarketing services for dealers, fleets, financial institutions and automakers; acquired in 2022.
- **Same-day delivery** — Available for eligible customers and vehicles in selected markets; expanded to Jacksonville in October 2026.

## Achievements

- Launched its first retail market in Atlanta in January 2013.
- Completed its IPO in 2017; NYSE ticker CVNA.
- Acquired 56 ADESA U.S. physical auction locations in 2022.
- Reported $2.237 billion in non-GAAP adjusted EBITDA for 2025.
- Joined the S&P 500 in December 2025.
- Reported 197,325 retail units and $513 million consolidated net income in Q2 2026.

## Latest updates

- **2026-07** — Q2 retail sales reached 197,325 vehicles, revenue $7.376 billion, and consolidated net income $513 million. These are quarterly figures.
- **2026-08** — Announced pricing of a $1.66 billion Term Loan B, intended to refinance 9% secured notes due 2030 and reduce annual cash interest by approximately $45 million.
- **2026-10** — Announced planned reconditioning capabilities at ADESA Orlando and approximately 100 associated jobs over time.
- **2026-10** — Expanded same-day delivery to eligible Jacksonville customers on October 14.
- **2026-10** — Renewed the Phoenix Rising FC sponsorship on October 21.

## Links

- Website: https://www.carvana.com/
- LinkedIn: https://www.linkedin.com/company/carvana/
- Twitter/X: https://x.com/Carvana
- YouTube: https://www.youtube.com/@Carvana
- Instagram: https://www.instagram.com/gocarvana/
- Facebook: https://www.facebook.com/CARVANA.BuyCarsOnline/
- TikTok: https://www.tiktok.com/@gocarvana

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Profile page: https://yespress.io/carvana
Published by YesPress — https://yespress.io
Last updated: 2026-10-22