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 $307.24 million as of July 17th, 2024. Mr. Garcia II owns 2,315,814 shares of Carvana stock worth more than $307,239,043 as of July 22nd. 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?

During the past quarter, Ernest C. Garcia II has sold $73,411,125.00 in Carvana stock. Most recently, Ernest C. Garcia II sold 75,000 shares of the business's stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $136.18, for a transaction totalling $10,213,500.00. Following the completion of the sale, the insider now directly owns 2,315,814 shares of the company's stock, valued at $315,367,550.52. 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 60 times. They sold a total of 2,608,844 shares worth more than $292,635,416.63. The most recent insider tranaction occured on July, 17th when Major Shareholder Ernest C Garcia II sold 75,000 shares worth more than $10,213,500.00. Insiders at Carvana own 17.1% of the company. Learn More about insider trades at Carvana.

Information on this page was last updated on 7/17/2024.

Ernest C. Garcia II Insider Trading History at Carvana

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
7/17/2024Sell75,000$136.18$10,213,500.002,315,814View SEC Filing Icon  
7/15/2024Sell75,000$141.32$10,599,000.002,465,814View SEC Filing Icon  
7/12/2024Sell37,500$136.63$5,123,625.0041,442,317View SEC Filing Icon  
7/10/2024Sell75,000$130.78$9,808,500.00112,500View SEC Filing Icon  
7/8/2024Sell75,000$124.69$9,351,750.00262,500View SEC Filing Icon  
7/5/2024Sell75,000$125.72$9,429,000.00337,500View SEC Filing Icon  
7/3/2024Sell75,000$127.09$9,531,750.00412,500View SEC Filing Icon  
7/1/2024Sell75,000$124.72$9,354,000.00562,500View SEC Filing Icon  
6/28/2024Sell75,000$131.76$9,882,000.00637,500View SEC Filing Icon  
6/26/2024Sell75,000$126.97$9,522,750.00787,500View SEC Filing Icon  
6/24/2024Sell60,000$115.77$6,946,200.00937,500View SEC Filing Icon  
6/20/2024Sell60,000$108.86$6,531,600.001,057,500View SEC Filing Icon  
6/17/2024Sell60,000$104.79$6,287,400.001,177,500View SEC Filing Icon  
6/14/2024Sell60,000$102.91$6,174,600.001,237,500View SEC Filing Icon  
6/12/2024Sell60,000$110.25$6,615,000.001,357,500View SEC Filing Icon  
6/10/2024Sell60,000$108.04$6,482,400.001,477,500View SEC Filing Icon  
6/6/2024Sell60,000$105.14$6,308,400.001,597,500View SEC Filing Icon  
6/4/2024Sell60,000$99.83$5,989,800.001,717,500View SEC Filing Icon  
5/30/2024Sell60,000$104.74$6,284,400.001,897,500View SEC Filing Icon  
5/28/2024Sell60,000$105.62$6,337,200.002,017,500View SEC Filing Icon  
5/24/2024Sell60,000$110.84$6,650,400.002,077,500View SEC Filing Icon  
5/20/2024Sell60,000$118.20$7,092,000.002,317,500View SEC Filing Icon  
5/17/2024Sell60,000$117.02$7,021,200.002,377,500View SEC Filing Icon  
5/15/2024Sell60,000$120.10$7,206,000.002,497,500View SEC Filing Icon  
5/13/2024Sell60,000$119.27$7,156,200.002,617,500View SEC Filing Icon  
5/10/2024Sell54,908$116.78$6,412,156.242,677,500View SEC Filing Icon  
5/8/2024Sell60,000$114.04$6,842,400.002,797,500View SEC Filing Icon  
5/6/2024Sell75,000$125.43$9,407,250.002,917,500View SEC Filing Icon  
5/3/2024Sell60,000$120.35$7,221,000.002,992,500View SEC Filing Icon  
5/1/2024Sell50,000$83.03$4,151,500.003,112,500View SEC Filing Icon  
4/29/2024Sell50,000$85.38$4,269,000.003,212,500View SEC Filing Icon  
4/26/2024Sell50,000$80.09$4,004,500.003,262,500View SEC Filing Icon  
4/11/2024Sell50,000$80.13$4,006,500.003,312,500View SEC Filing Icon  
6/13/2022Buy1,191,468$20.67$24,627,643.562,578,314View SEC Filing Icon  
6/10/2022Buy793,790$21.95$17,423,690.501,386,846View SEC Filing Icon  
4/26/2022Buy3,362,500$80.00$269,000,000.003,362,500View SEC Filing Icon  
8/23/2021Sell40,767$357.13$14,559,118.71View SEC Filing Icon  
8/20/2021Sell60,000$348.63$20,917,800.00View SEC Filing Icon  
8/18/2021Sell18,081$351.94$6,363,427.14View SEC Filing Icon  
8/16/2021Sell60,000$359.17$21,550,200.00View SEC Filing Icon  
8/12/2021Sell60,000$360.12$21,607,200.007,479View SEC Filing Icon  
8/9/2021Sell29,751$355.01$10,561,902.51View SEC Filing Icon  
8/5/2021Sell60,000$334.68$20,080,800.00View SEC Filing Icon  
8/3/2021Sell60,000$332.26$19,935,600.001,775View SEC Filing Icon  
7/30/2021Sell60,000$336.90$20,214,000.00View SEC Filing Icon  
7/28/2021Sell60,000$339.93$20,395,800.001,267View SEC Filing Icon  
7/26/2021Sell60,000$337.08$20,224,800.005,208View SEC Filing Icon  
7/22/2021Sell60,000$334.90$20,094,000.00View SEC Filing Icon  
7/20/2021Sell25,541$325.29$8,308,231.89View SEC Filing Icon  
7/16/2021Sell60,000$314.79$18,887,400.0011,432View SEC Filing Icon  
7/14/2021Sell60,000$318.06$19,083,600.00View SEC Filing Icon  
7/12/2021Sell60,000$324.01$19,440,600.006,538View SEC Filing Icon  
7/8/2021Sell23,277$320.21$7,453,528.177,287View SEC Filing Icon  
7/6/2021Sell60,000$315.04$18,902,400.00View SEC Filing Icon  
7/1/2021Sell60,000$304.73$18,283,800.001,600View SEC Filing Icon  
6/28/2021Sell60,000$305.82$18,349,200.00600View SEC Filing Icon  
6/25/2021Sell60,000$301.43$18,085,800.009,045View SEC Filing Icon  
6/23/2021Sell60,000$311.71$18,702,600.005,125View SEC Filing Icon  
6/21/2021Sell50,000$294.80$14,740,000.002,400View SEC Filing Icon  
6/18/2021Sell50,000$292.77$14,638,500.00800View SEC Filing Icon  
6/16/2021Sell50,000$278.32$13,916,000.00900View SEC Filing Icon  
6/14/2021Sell50,000$278.32$13,916,000.001,700View SEC Filing Icon  
6/10/2021Sell50,000$266.41$13,320,500.003,600View SEC Filing Icon  
6/8/2021Sell50,000$276.68$13,834,000.002,900View SEC Filing Icon  
6/4/2021Sell50,000$275.74$13,787,000.005,373View SEC Filing Icon  
6/2/2021Sell50,000$276.71$13,835,500.001,500View SEC Filing Icon  
5/28/2021Sell50,000$266.36$13,318,000.008,455View SEC Filing Icon  
5/26/2021Sell50,000$257.92$12,896,000.005,296View SEC Filing Icon  
5/24/2021Sell40,000$253.96$10,158,400.00500View SEC Filing Icon  
5/20/2021Sell11,997$240.73$2,888,037.814,050View SEC Filing Icon  
5/18/2021Sell40,000$227.26$9,090,400.004,270View SEC Filing Icon  
5/14/2021Sell40,000$234.90$9,396,000.001,200View SEC Filing Icon  
5/11/2021Sell5,799$243.94$1,414,608.063,600View SEC Filing Icon  
5/7/2021Sell16,250$259.86$4,222,725.003,295View SEC Filing Icon  
5/5/2021Sell23,992$284.39$6,823,084.881,433View SEC Filing Icon  
5/3/2021Sell50,000$293.65$14,682,500.002,548View SEC Filing Icon  
4/30/2021Sell50,000$285.30$14,265,000.006,300View SEC Filing Icon  
4/28/2021Sell50,000$295.24$14,762,000.00600View SEC Filing Icon  
4/26/2021Sell29,401$293.38$8,625,665.385,738View SEC Filing Icon  
4/23/2021Sell13,725$274.98$3,774,100.501,851View SEC Filing Icon  
4/21/2021Sell13,557$268.49$3,639,918.93200View SEC Filing Icon  
4/19/2021Sell50,000$274.09$13,704,500.002,100View SEC Filing Icon  
4/16/2021Sell50,000$274.73$13,736,500.006,003View SEC Filing Icon  
4/14/2021Sell17,772$279.10$4,960,165.2011,708View SEC Filing Icon  
4/12/2021Sell50,000$265.59$13,279,500.003,400View SEC Filing Icon  
4/9/2021Sell50,000$268.82$13,441,000.003,106View SEC Filing Icon  
4/7/2021Sell50,000$271.46$13,573,000.005,465View SEC Filing Icon  
4/5/2021Sell50,000$264.71$13,235,500.001,300View SEC Filing Icon  
3/31/2021Sell50,000$262.94$13,147,000.005,924View SEC Filing Icon  
3/29/2021Sell2,790$258.73$721,856.70490View SEC Filing Icon  
3/25/2021Sell16,155$255.12$4,121,463.601,200View SEC Filing Icon  
3/23/2021Sell50,000$277.70$13,885,000.001,008View SEC Filing Icon  
3/18/2021Sell29,599$276.37$8,180,275.635,840View SEC Filing Icon  
3/16/2021Sell13,617$290.23$3,952,061.917,372View SEC Filing Icon  
3/12/2021Sell32,150$267.96$8,614,914.002,920View SEC Filing Icon  
3/10/2021Sell5,856$271.00$1,586,976.002,100View SEC Filing Icon  
3/8/2021Sell28,925$258.49$7,476,823.251,100View SEC Filing Icon  
3/3/2021Sell1,610$310.66$500,162.60200View SEC Filing Icon  
3/1/2021Sell34,702$307.76$10,679,887.523,181View SEC Filing Icon  
2/25/2021Sell4,534$286.39$1,298,492.261,103View SEC Filing Icon  
2/23/2021Sell16,487$277.43$4,573,988.41480View SEC Filing Icon  
2/18/2021Sell50,301$293.88$14,782,457.882,309View SEC Filing Icon  
2/11/2021Sell60,000$297.22$17,833,200.00969View SEC Filing Icon  
2/9/2021Sell11,054$296.76$3,280,385.043,735View SEC Filing Icon  
2/4/2021Sell100$290.83$29,083.00100View SEC Filing Icon  
2/2/2021Sell34,653$283.26$9,815,808.788,230View SEC Filing Icon  
1/28/2021Sell33,834$260.87$8,826,275.585,131View SEC Filing Icon  
1/26/2021Sell20,699$273.07$5,652,275.93900View SEC Filing Icon  
1/21/2021Sell50,000$272.92$13,646,000.00963View SEC Filing Icon  
1/19/2021Sell3,458$287.59$994,486.22700View SEC Filing Icon  
1/14/2021Sell60,000$297.96$17,877,600.00535View SEC Filing Icon  
1/12/2021Sell24,141$289.47$6,988,095.278,468View SEC Filing Icon  
1/8/2021Sell50,000$275.01$13,750,500.001,000View SEC Filing Icon  
1/5/2021Sell6,860$250.52$1,718,567.202,410View SEC Filing Icon  
12/29/2020Sell40,000$247.32$9,892,800.00900View SEC Filing Icon  
12/24/2020Sell50,000$274.57$13,728,500.00300View SEC Filing Icon  
12/22/2020Sell50,000$285.70$14,285,000.001,100View SEC Filing Icon  
12/18/2020Sell50,000$265.92$13,296,000.001,600View SEC Filing Icon  
12/16/2020Sell50,000$257.86$12,893,000.001,800View SEC Filing Icon  
12/14/2020Sell16,076$260.22$4,183,296.722,262View SEC Filing Icon  
12/11/2020Sell50,000$260.24$13,012,000.001,500View SEC Filing Icon  
12/9/2020Sell30,794$263.54$8,115,450.761,876View SEC Filing Icon  
12/7/2020Sell22,715$257.56$5,850,475.401,100View SEC Filing Icon  
12/4/2020Sell6,533$241.09$1,575,040.972,899View SEC Filing Icon  
12/2/2020Sell2,000,000$239.20$478,400,000.002,000,000View SEC Filing Icon  
11/30/2020Sell24,600$247.37$6,085,302.002,132View SEC Filing Icon  
11/27/2020Sell30,000$248.12$7,443,600.00688View SEC Filing Icon  
11/25/2020Sell30,000$237.15$7,114,500.00500View SEC Filing Icon  
11/23/2020Sell30,000$239.86$7,195,800.001,200View SEC Filing Icon  
11/19/2020Sell30,000$227.14$6,814,200.00800View SEC Filing Icon  
11/13/2020Sell30,000$213.23$6,396,900.00900View SEC Filing Icon  
11/11/2020Sell10,429$205.11$2,139,092.192,607View SEC Filing Icon  
11/6/2020Sell12,432$208.83$2,596,174.563,707View SEC Filing Icon  
11/4/2020Sell30,000$197.63$5,928,900.001,400View SEC Filing Icon  
11/2/2020Sell30,000$185.17$5,555,100.00600View SEC Filing Icon  
10/30/2020Sell900$211.49$190,341.00200View SEC Filing Icon  
4/1/2020Buy555,556$45.00$25,000,020.0052,937,458View SEC Filing Icon  
6/11/2019Sell139,779$61.68$8,621,568.7252,937,458View SEC Filing Icon  
6/7/2019Sell172,357$62.96$10,851,596.7252,937,458View SEC Filing Icon  
6/5/2019Sell132,975$60.55$8,051,636.2552,937,458View SEC Filing Icon  
5/28/2019Sell163,060$60.44$9,855,346.4052,937,458View SEC Filing Icon  
5/24/2019Sell166,996$62.61$10,455,619.5652,937,458View SEC Filing Icon  
5/22/2019Sell394,663$66.24$26,142,477.1252,937,458View SEC Filing Icon  
5/20/2019Sell113,082$67.19$7,597,979.5852,937,458View SEC Filing Icon  
5/16/2019Sell181,605$67.40$12,240,177.0052,937,458View SEC Filing Icon  
4/22/2019Sell55,302$65.11$3,600,713.2252,937,458View SEC Filing Icon  
4/17/2019Sell52,076$63.77$3,320,886.5252,937,458View SEC Filing Icon  
4/15/2019Sell93,635$64.82$6,069,420.7052,937,458View SEC Filing Icon  
4/11/2019Sell102,707$62.67$6,436,647.6952,937,458View SEC Filing Icon  
4/9/2019Sell77,683$59.27$4,604,271.4152,937,458View SEC Filing Icon  
4/5/2019Sell107,870$60.17$6,490,537.9052,937,458View SEC Filing Icon  
4/3/2019Sell219,082$61.95$13,572,129.9052,937,458View SEC Filing Icon  
4/1/2019Sell137,173$58.54$8,030,107.4252,937,458View SEC Filing Icon  
3/28/2019Sell69,800$57.63$4,022,574.0052,937,458View SEC Filing Icon  
3/26/2019Sell176,521$57.52$10,153,487.9252,937,458View SEC Filing Icon  
3/22/2019Sell96,747$57.56$5,568,757.3252,937,458View SEC Filing Icon  
3/20/2019Sell115,545$58.07$6,709,698.1552,937,458View SEC Filing Icon  
3/18/2019Sell145,513$56.39$8,205,478.0752,937,458View SEC Filing Icon  
3/14/2019Sell253,808$56.03$14,220,862.2452,937,458View SEC Filing Icon  
3/12/2019Sell248,010$52.70$13,070,127.0052,937,458View SEC Filing Icon  
3/8/2019Sell170,023$49.98$8,497,749.5452,937,458View SEC Filing Icon  
3/6/2019Sell316,678$48.13$15,241,712.1452,937,458View SEC Filing Icon  
3/1/2019Sell307,419$45.16$13,883,042.0452,937,458View SEC Filing Icon  
11/29/2018Sell114,274$47.47$5,424,586.7852,937,458View SEC Filing Icon  
11/27/2018Sell86,924$45.57$3,961,126.6852,937,458View SEC Filing Icon  
11/19/2018Sell19,882$46.73$929,085.8652,937,458View SEC Filing Icon  
11/15/2018Sell91,662$46.18$4,232,951.1652,937,458View SEC Filing Icon  
11/12/2018Sell2,600$47.99$124,774.0052,937,458View SEC Filing Icon  
11/7/2018Sell191,396$45.40$8,689,378.4052,937,458View SEC Filing Icon  
11/2/2018Sell86,254$45.60$3,933,182.4052,937,458View SEC Filing Icon  
10/16/2018Sell69,977$45.23$3,165,059.7152,937,458View SEC Filing Icon  
10/12/2018Sell203,137$46.16$9,376,803.9252,937,458View SEC Filing Icon  
10/10/2018Sell35,098$52.00$1,825,096.0052,937,458View SEC Filing Icon  
10/8/2018Sell19,465$52.53$1,022,496.4552,937,458View SEC Filing Icon  
10/4/2018Sell99,092$53.84$5,335,113.2852,937,458View SEC Filing Icon  
10/2/2018Sell13,249$57.39$760,360.1152,937,458View SEC Filing Icon  
5/14/2018Sell1,650,000$26.26$43,329,000.0060,937,458View SEC Filing Icon  
5/4/2017Buy164,517$8.20$1,349,039.40View SEC Filing Icon  
5/3/2017Buy1,500,000$13.73$20,595,000.00View SEC Filing Icon  
See Full Table

Ernest C. Garcia II Buying and Selling Activity at Carvana

This chart shows Ernest C Garcia II's buying and selling at Carvana by year and by quarter.

Skip ChartChart Data in Insider Trading History Table

Carvana Company Overview

Carvana logo
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.
Read More

Today's Range

Now: $128.89
Low: $127.21
High: $135.23

50 Day Range

MA: $117.60
Low: $98.99
High: $145.02

2 Week Range

Now: $128.89
Low: $25.09
High: $147.25

Volume

3,393,242 shs

Average Volume

5,538,561 shs

Market Capitalization

$26.11 billion

P/E Ratio

56.53

Dividend Yield

N/A

Beta

3.37