# Ernie Garcia

> Ernie Garcia, formally Ernest C. Garcia III, is Carvana’s co-founder, president, CEO and chairman. A Stanford graduate with a background in consumer credit and automotive finance, he helped launch the online car retailer in 2012 and led it through national expansion, a severe 2022 reversal and a subsequent recovery. He is based in Phoenix, Arizona.

- **Role:** Co-founder, President, Chief Executive Officer and Chairman at Carvana
- **Organizations:** Carvana, DriveTime Automotive Group, RBS Greenwich Capital
- **Nationality:** American
- **Education:** B.S. in Management Science and Engineering, Stanford University
- **Known for:** Co-founded an online automotive retailer combining vehicle sales, financing and logistics., Received EY’s 2016 Mountain Desert Consumer Technology Entrepreneur Of The Year award., Included with Carvana’s co-founders in Fortune’s 2017 40 Under 40 list.

## Career timeline

- **2005-2006** — Worked in consumer-credit investments at RBS Greenwich Capital.
- **2007-2013** — Held financial strategy, corporate finance, treasury and quantitative analytics roles at DriveTime.
- **2012** — Co-founded Carvana with Ben Huston and Ryan Keeton.
- **2013** — Carvana launched in Atlanta.
- **2015** — Multistory automated car vending machine opened in Nashville.
- **2017** — Carvana went public; Garcia became board chairman.
- **2021** — Carvana entered the Fortune 500 and sold its millionth car.
- **2022** — Completed ADESA acquisition as Carvana faced slowing demand and cut jobs.
- **2023** — Led Carvana during debt restructuring and an efficiency-focused recovery.
- **2025** — Carvana joined the S&P 500 in December.

## Achievements

- Co-founded an online automotive retailer combining vehicle sales, financing and logistics.
- Received EY’s 2016 Mountain Desert Consumer Technology Entrepreneur Of The Year award.
- Included with Carvana’s co-founders in Fortune’s 2017 40 Under 40 list.
- Led Carvana through its 2017 IPO and subsequent recovery from a severe share-price decline.

## Latest updates

- **2026-10** — Carvana announced same-day delivery expansion to Jacksonville on October 14.
- **2026-07** — Carvana reported Q2 retail unit sales of 197,325, revenue of $7.376 billion and net income of $513 million.
- **2026-03** — Garcia published a shareholder letter focused on culture, prioritisation and the company’s 2030-2035 targets.

## Links

- Website: https://www.carvana.com
- LinkedIn: https://www.linkedin.com/in/ernie-garcia-8122a421

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Profile page: https://yespress.io/ernie-garcia
Published by YesPress — https://yespress.io
Last updated: 2026-10-21