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Ernest C. Garcia II net worth and biography

Ernest Garcia II Biography and Net Worth

Major Shareholder of Carvana

Ernest Garcia II is an American businessman, the owner of DriveTime Automotive, and a major shareholder of Carvana, an online used car retailer.

Garcia’s career began after he left the University of Arizona to become a stock broker, and later a real estate developer, in Phoenix and Tucson. Things took a turn in 1990, when he pled guilty to felony charges of bank fraud related to his dealings with the failing Lincoln Savings & Loan, operated by Charles Keating.

Garcia spent three years on probation, and his firm filed for bankruptcy. He began to turn things around with the purchase of rental car chain, Ugly Duckling. After merging it with his startup finance company, he built a company that sells and finances used cars for buyers with questionable or poor credit histories. The company went public in 1996, but after share prices struggled, Garcia and Gregory Sullivan, the company’s former CEO, took it private and renamed it DriveTime in 2002. It has since become profitable.

His son, Ernest Garcia III, joined DriveTime after graduating from Stanford University, and in 2012 he began building his company, Carvana, as a subsidiary. Carvana later spun off from DriveTime, and the Phoenix-based technology platform has become known as the “Amazon of cars.”

Not wanting to stain his son’s company with his controversial past, Garcia has not held a director or officer position in the business, but he has provided at least $100 million of funding. As a majority shareholder, he also holds significant voting power. Taking his son’s ownership and voting shares into account, the father-son duo retains full control of the company.

What is Ernest C. Garcia II's net worth?: The estimated net worth of Ernest C. Garcia II is at least $250.43 million as of April 11th, 2024. Mr. Garcia II owns 3,312,500 shares of Carvana stock worth more than $250,425,000 as of April 24th. This net worth approximation does not reflect any other assets that Mr. Garcia II may own. Additionally, Mr. Garcia II receives a salary of $912,950.00 as Major Shareholder at Carvana. Learn More about Ernest C. Garcia II's net worth.
How old is Ernest C. Garcia II?: Mr. Garcia II is currently 41 years old. There are 5 older executives and no younger executives at Carvana. The oldest executive at Carvana is Mr. Thomas Taira, President of Special Projects, who is 53 years old. Learn More on Ernest C. Garcia II's age.
What is Ernest C. Garcia II's salary?: As the Major Shareholder of Carvana Co., Mr. Garcia II earns $912,950.00 per year. There are 3 executives that earn more than Mr. Garcia II. The highest earning executive at Carvana is Mr. Thomas Taira, President of Special Projects, who commands a salary of $1,020,000.00 per year. Learn More on Ernest C. Garcia II's salary.
How do I contact Ernest C. Garcia II?: The corporate mailing address for Mr. Garcia II and other Carvana executives is 1930 WEST RIO SALADO PARKWAY, TEMPE AZ, 85281. Carvana can also be reached via phone at (602) 852-6604 and via email at [email protected]. Learn More on Ernest C. Garcia II's contact information.
Has Ernest C. Garcia II been buying or selling shares of Carvana?: In the last ninety days, Ernest C. Garcia II has sold $4,006,500.00 in Carvana stock. Most recently, Ernest C. Garcia II sold 50,000 shares of the business's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $80.13, for a transaction totalling $4,006,500.00. Following the completion of the sale, the insider now directly owns 3,312,500 shares of the company's stock, valued at $265,430,625. Learn More on Ernest C. Garcia II's trading history.
Who are Carvana's active insiders?: Carvana's insider roster includes Paul Breaux (Insider), Ernest Garcia II (Major Shareholder), Ernest Garcia, III (CEO), Daniel Gill (Insider), Benjamin Huston (COO), Mark Jenkins (CFO), Ryan Keeton (CBO), Michael Maroone (Director), Stephen Palmer (VP), Neha Parikh (Director), Ira Platt (Director), J Quayle (Director), Gregory Sullivan (Director), and Thomas Taira (Insider). Learn More on Carvana's active insiders.
Are insiders buying or selling shares of Carvana?: In the last twelve months, Carvana insiders bought shares 2 times. They purchased a total of 2,600 shares worth more than $199,784.00. In the last twelve months, insiders at the sold shares 13 times. They sold a total of 232,398 shares worth more than $17,888,986.05. The most recent insider tranaction occured on April, 11th when Major Shareholder Ernest C Garcia II sold 50,000 shares worth more than $4,006,500.00. Insiders at Carvana own 17.2% of the company. Learn More about insider trades at Carvana.
Information on this page was last updated on 4/11/2024.

Ernest C. Garcia II Insider Trading History at Carvana

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
4/11/2024	Sell	50,000	$80.13	$4,006,500.00	3,312,500
6/13/2022	Buy	1,191,468	$20.67	$24,627,643.56	2,578,314
6/10/2022	Buy	793,790	$21.95	$17,423,690.50	1,386,846
4/26/2022	Buy	3,362,500	$80.00	$269,000,000.00	3,362,500
8/23/2021	Sell	40,767	$357.13	$14,559,118.71
8/20/2021	Sell	60,000	$348.63	$20,917,800.00
8/18/2021	Sell	18,081	$351.94	$6,363,427.14
8/16/2021	Sell	60,000	$359.17	$21,550,200.00
8/12/2021	Sell	60,000	$360.12	$21,607,200.00	7,479
8/9/2021	Sell	29,751	$355.01	$10,561,902.51
8/5/2021	Sell	60,000	$334.68	$20,080,800.00
8/3/2021	Sell	60,000	$332.26	$19,935,600.00	1,775
7/30/2021	Sell	60,000	$336.90	$20,214,000.00
7/28/2021	Sell	60,000	$339.93	$20,395,800.00	1,267
7/26/2021	Sell	60,000	$337.08	$20,224,800.00	5,208
7/22/2021	Sell	60,000	$334.90	$20,094,000.00
7/20/2021	Sell	25,541	$325.29	$8,308,231.89
7/16/2021	Sell	60,000	$314.79	$18,887,400.00	11,432
7/14/2021	Sell	60,000	$318.06	$19,083,600.00
7/12/2021	Sell	60,000	$324.01	$19,440,600.00	6,538
7/8/2021	Sell	23,277	$320.21	$7,453,528.17	7,287
7/6/2021	Sell	60,000	$315.04	$18,902,400.00
7/1/2021	Sell	60,000	$304.73	$18,283,800.00	1,600
6/28/2021	Sell	60,000	$305.82	$18,349,200.00	600
6/25/2021	Sell	60,000	$301.43	$18,085,800.00	9,045
6/23/2021	Sell	60,000	$311.71	$18,702,600.00	5,125
6/21/2021	Sell	50,000	$294.80	$14,740,000.00	2,400
6/18/2021	Sell	50,000	$292.77	$14,638,500.00	800
6/16/2021	Sell	50,000	$278.32	$13,916,000.00	900
6/14/2021	Sell	50,000	$278.32	$13,916,000.00	1,700
6/10/2021	Sell	50,000	$266.41	$13,320,500.00	3,600
6/8/2021	Sell	50,000	$276.68	$13,834,000.00	2,900
6/4/2021	Sell	50,000	$275.74	$13,787,000.00	5,373
6/2/2021	Sell	50,000	$276.71	$13,835,500.00	1,500
5/28/2021	Sell	50,000	$266.36	$13,318,000.00	8,455
5/26/2021	Sell	50,000	$257.92	$12,896,000.00	5,296
5/24/2021	Sell	40,000	$253.96	$10,158,400.00	500
5/20/2021	Sell	11,997	$240.73	$2,888,037.81	4,050
5/18/2021	Sell	40,000	$227.26	$9,090,400.00	4,270
5/14/2021	Sell	40,000	$234.90	$9,396,000.00	1,200
5/11/2021	Sell	5,799	$243.94	$1,414,608.06	3,600
5/7/2021	Sell	16,250	$259.86	$4,222,725.00	3,295
5/5/2021	Sell	23,992	$284.39	$6,823,084.88	1,433
5/3/2021	Sell	50,000	$293.65	$14,682,500.00	2,548
4/30/2021	Sell	50,000	$285.30	$14,265,000.00	6,300
4/28/2021	Sell	50,000	$295.24	$14,762,000.00	600
4/26/2021	Sell	29,401	$293.38	$8,625,665.38	5,738
4/23/2021	Sell	13,725	$274.98	$3,774,100.50	1,851
4/21/2021	Sell	13,557	$268.49	$3,639,918.93	200
4/19/2021	Sell	50,000	$274.09	$13,704,500.00	2,100
4/16/2021	Sell	50,000	$274.73	$13,736,500.00	6,003
4/14/2021	Sell	17,772	$279.10	$4,960,165.20	11,708
4/12/2021	Sell	50,000	$265.59	$13,279,500.00	3,400
4/9/2021	Sell	50,000	$268.82	$13,441,000.00	3,106
4/7/2021	Sell	50,000	$271.46	$13,573,000.00	5,465
4/5/2021	Sell	50,000	$264.71	$13,235,500.00	1,300
3/31/2021	Sell	50,000	$262.94	$13,147,000.00	5,924
3/29/2021	Sell	2,790	$258.73	$721,856.70	490
3/25/2021	Sell	16,155	$255.12	$4,121,463.60	1,200
3/23/2021	Sell	50,000	$277.70	$13,885,000.00	1,008
3/18/2021	Sell	29,599	$276.37	$8,180,275.63	5,840
3/16/2021	Sell	13,617	$290.23	$3,952,061.91	7,372
3/12/2021	Sell	32,150	$267.96	$8,614,914.00	2,920
3/10/2021	Sell	5,856	$271.00	$1,586,976.00	2,100
3/8/2021	Sell	28,925	$258.49	$7,476,823.25	1,100
3/3/2021	Sell	1,610	$310.66	$500,162.60	200
3/1/2021	Sell	34,702	$307.76	$10,679,887.52	3,181
2/25/2021	Sell	4,534	$286.39	$1,298,492.26	1,103
2/23/2021	Sell	16,487	$277.43	$4,573,988.41	480
2/18/2021	Sell	50,301	$293.88	$14,782,457.88	2,309
2/11/2021	Sell	60,000	$297.22	$17,833,200.00	969
2/9/2021	Sell	11,054	$296.76	$3,280,385.04	3,735
2/4/2021	Sell	100	$290.83	$29,083.00	100
2/2/2021	Sell	34,653	$283.26	$9,815,808.78	8,230
1/28/2021	Sell	33,834	$260.87	$8,826,275.58	5,131
1/26/2021	Sell	20,699	$273.07	$5,652,275.93	900
1/21/2021	Sell	50,000	$272.92	$13,646,000.00	963
1/19/2021	Sell	3,458	$287.59	$994,486.22	700
1/14/2021	Sell	60,000	$297.96	$17,877,600.00	535
1/12/2021	Sell	24,141	$289.47	$6,988,095.27	8,468
1/8/2021	Sell	50,000	$275.01	$13,750,500.00	1,000
1/5/2021	Sell	6,860	$250.52	$1,718,567.20	2,410
12/29/2020	Sell	40,000	$247.32	$9,892,800.00	900
12/24/2020	Sell	50,000	$274.57	$13,728,500.00	300
12/22/2020	Sell	50,000	$285.70	$14,285,000.00	1,100
12/18/2020	Sell	50,000	$265.92	$13,296,000.00	1,600
12/16/2020	Sell	50,000	$257.86	$12,893,000.00	1,800
12/14/2020	Sell	16,076	$260.22	$4,183,296.72	2,262
12/11/2020	Sell	50,000	$260.24	$13,012,000.00	1,500
12/9/2020	Sell	30,794	$263.54	$8,115,450.76	1,876
12/7/2020	Sell	22,715	$257.56	$5,850,475.40	1,100
12/4/2020	Sell	6,533	$241.09	$1,575,040.97	2,899
12/2/2020	Sell	2,000,000	$239.20	$478,400,000.00	2,000,000
11/30/2020	Sell	24,600	$247.37	$6,085,302.00	2,132
11/27/2020	Sell	30,000	$248.12	$7,443,600.00	688
11/25/2020	Sell	30,000	$237.15	$7,114,500.00	500
11/23/2020	Sell	30,000	$239.86	$7,195,800.00	1,200
11/19/2020	Sell	30,000	$227.14	$6,814,200.00	800
11/13/2020	Sell	30,000	$213.23	$6,396,900.00	900
11/11/2020	Sell	10,429	$205.11	$2,139,092.19	2,607
11/6/2020	Sell	12,432	$208.83	$2,596,174.56	3,707
11/4/2020	Sell	30,000	$197.63	$5,928,900.00	1,400
11/2/2020	Sell	30,000	$185.17	$5,555,100.00	600
10/30/2020	Sell	900	$211.49	$190,341.00	200
4/1/2020	Buy	555,556	$45.00	$25,000,020.00	52,937,458
6/11/2019	Sell	139,779	$61.68	$8,621,568.72	52,937,458
6/7/2019	Sell	172,357	$62.96	$10,851,596.72	52,937,458
6/5/2019	Sell	132,975	$60.55	$8,051,636.25	52,937,458
5/28/2019	Sell	163,060	$60.44	$9,855,346.40	52,937,458
5/24/2019	Sell	166,996	$62.61	$10,455,619.56	52,937,458
5/22/2019	Sell	394,663	$66.24	$26,142,477.12	52,937,458
5/20/2019	Sell	113,082	$67.19	$7,597,979.58	52,937,458
5/16/2019	Sell	181,605	$67.40	$12,240,177.00	52,937,458
4/22/2019	Sell	55,302	$65.11	$3,600,713.22	52,937,458
4/17/2019	Sell	52,076	$63.77	$3,320,886.52	52,937,458
4/15/2019	Sell	93,635	$64.82	$6,069,420.70	52,937,458
4/11/2019	Sell	102,707	$62.67	$6,436,647.69	52,937,458
4/9/2019	Sell	77,683	$59.27	$4,604,271.41	52,937,458
4/5/2019	Sell	107,870	$60.17	$6,490,537.90	52,937,458
4/3/2019	Sell	219,082	$61.95	$13,572,129.90	52,937,458
4/1/2019	Sell	137,173	$58.54	$8,030,107.42	52,937,458
3/28/2019	Sell	69,800	$57.63	$4,022,574.00	52,937,458
3/26/2019	Sell	176,521	$57.52	$10,153,487.92	52,937,458
3/22/2019	Sell	96,747	$57.56	$5,568,757.32	52,937,458
3/20/2019	Sell	115,545	$58.07	$6,709,698.15	52,937,458
3/18/2019	Sell	145,513	$56.39	$8,205,478.07	52,937,458
3/14/2019	Sell	253,808	$56.03	$14,220,862.24	52,937,458
3/12/2019	Sell	248,010	$52.70	$13,070,127.00	52,937,458
3/8/2019	Sell	170,023	$49.98	$8,497,749.54	52,937,458
3/6/2019	Sell	316,678	$48.13	$15,241,712.14	52,937,458
3/1/2019	Sell	307,419	$45.16	$13,883,042.04	52,937,458
11/29/2018	Sell	114,274	$47.47	$5,424,586.78	52,937,458
11/27/2018	Sell	86,924	$45.57	$3,961,126.68	52,937,458
11/19/2018	Sell	19,882	$46.73	$929,085.86	52,937,458
11/15/2018	Sell	91,662	$46.18	$4,232,951.16	52,937,458
11/12/2018	Sell	2,600	$47.99	$124,774.00	52,937,458
11/7/2018	Sell	191,396	$45.40	$8,689,378.40	52,937,458
11/2/2018	Sell	86,254	$45.60	$3,933,182.40	52,937,458
10/16/2018	Sell	69,977	$45.23	$3,165,059.71	52,937,458
10/12/2018	Sell	203,137	$46.16	$9,376,803.92	52,937,458
10/10/2018	Sell	35,098	$52.00	$1,825,096.00	52,937,458
10/8/2018	Sell	19,465	$52.53	$1,022,496.45	52,937,458
10/4/2018	Sell	99,092	$53.84	$5,335,113.28	52,937,458
10/2/2018	Sell	13,249	$57.39	$760,360.11	52,937,458
5/14/2018	Sell	1,650,000	$26.26	$43,329,000.00	60,937,458
5/4/2017	Buy	164,517	$8.20	$1,349,039.40
5/3/2017	Buy	1,500,000	$13.73	$20,595,000.00

Ernest C. Garcia II Buying and Selling Activity at Carvana

Carvana Company Overview

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices. The company also operates auction sites. The company was founded in 2012 and is based in Tempe, Arizona.

Today's Range

Now: $75.60

$72.10

$77.53

50 Day Range

MA: $76.01

$49.41

$90.81

2 Week Range

Now: $75.60

$6.70

$94.04

Volume

4,326,294 shs

Average Volume

6,109,755 shs

Market Capitalization

$15.26 billion

P/E Ratio

140.00

Dividend Yield

N/A

Beta

3.32

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Ernest Garcia II Biography and Net Worth

What is Ernest C. Garcia II's net worth?

How old is Ernest C. Garcia II?

What is Ernest C. Garcia II's salary?

How do I contact Ernest C. Garcia II?

Has Ernest C. Garcia II been buying or selling shares of Carvana?

Who are Carvana's active insiders?

Are insiders buying or selling shares of Carvana?