Ernest C.  Garcia, III net worth and biography

Ernest Garcia, III Biography and Net Worth

CEO of Carvana
Ernie Garcia, III co-founded Carvana and has served as our President and Chief Executive Officer since our inception in 2012. Mr. Garcia is also Chairman of the Carvana Co. Board. Prior to founding Carvana, Mr. Garcia held various roles at the DriveTime Automotive Group, Inc. from January 2007 to January 2013. From January 2007 to December 2008, he served as a financial strategist. He was a managing director of corporate finance from December 2008 to November 2009. From November 2009 until January 2013, he served as a Vice President and Treasurer and Director of Quantitative Analytics. As Director of Quantitative Analytics, Mr. Garcia was responsible for the firm’s ongoing development of consumer credit scoring models, and its utilization of those tools in retail vehicle sales deal structuring and vehicle price optimization. Prior to DriveTime, Mr. Garcia was an associate in the Principal Transactions Group at RBS Greenwich Capital from 2005 to 2006, where he focused on consumer credit based investments. Mr. Garcia holds a B.S. in Management Science and Engineering from Stanford University.

What is Ernest C. Garcia, III's net worth?

The estimated net worth of Ernest C. Garcia, III is at least $70.75 million as of April 26th, 2022. Mr. Garcia, III owns 804,809 shares of Carvana stock worth more than $70,750,759 as of March 29th. This net worth evaluation does not reflect any other investments that Mr. Garcia, III may own. Learn More about Ernest C. Garcia, III's net worth.

How do I contact Ernest C. Garcia, III?

The corporate mailing address for Mr. Garcia, III 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, III's contact information.

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

Ernest C. Garcia, III has not been actively trading shares of Carvana during the last ninety days. Most recently, on Tuesday, April 26th, Ernest C. Garcia III bought 300,000 shares of Carvana stock. The stock was acquired at an average cost of $80.00 per share, with a total value of $24,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 804,809 shares of the company's stock, valued at $64,384,720. Learn More on Ernest C. Garcia, III'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 7 times. They sold a total of 99,515 shares worth more than $6,780,658.55. The most recent insider tranaction occured on March, 15th when CFO Mark W Jenkins sold 5,000 shares worth more than $396,850.00. Insiders at Carvana own 17.1% of the company. Learn More about insider trades at Carvana.

Information on this page was last updated on 3/15/2024.

Ernest C. Garcia, III Insider Trading History at Carvana

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
4/26/2022Buy300,000$80.00$24,000,000.00804,809View SEC Filing Icon  
5/3/2017Buy183,333$13.35$2,447,495.55133,333View SEC Filing Icon  
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Ernest C. Garcia, III Buying and Selling Activity at Carvana

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

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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.
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Today's Range

Now: $87.91
Low: $85.79
High: $92.01

50 Day Range

MA: $64.55
Low: $41.00
High: $90.81

2 Week Range

Now: $87.91
Low: $6.70
High: $94.04

Volume

4,019,279 shs

Average Volume

5,304,433 shs

Market Capitalization

$17.75 billion

P/E Ratio

162.80

Dividend Yield

N/A

Beta

3.32