Carvana Management
Management criteria checks 4/4
Carvana's CEO is Ernie Garcia, appointed in Jan 2012, has a tenure of 12.25 years. total yearly compensation is $6.45M, comprised of 14.1% salary and 85.9% bonuses, including company stock and options. directly owns 2.19% of the company’s shares, worth €339.40M. The average tenure of the management team and the board of directors is 9.1 years and 6.9 years respectively.
Key information
Ernie Garcia
Chief executive officer
US$6.5m
Total compensation
| CEO salary percentage | 14.1% |
| CEO tenure | 12.3yrs |
| CEO ownership | 2.2% |
| Management average tenure | 9.1yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$6m | US$912k | US$450m |
| Sep 30 2023 | n/a | n/a | -US$242m |
| Jun 30 2023 | n/a | n/a | -US$1b |
| Mar 31 2023 | n/a | n/a | -US$1b |
| Dec 31 2022 | US$6m | US$323k | -US$2b |
| Sep 30 2022 | n/a | n/a | -US$870m |
| Jun 30 2022 | n/a | n/a | -US$619m |
| Mar 31 2022 | n/a | n/a | -US$359m |
| Dec 31 2021 | US$5m | US$758k | -US$135m |
| Sep 30 2021 | n/a | n/a | -US$109m |
| Jun 30 2021 | n/a | n/a | -US$84m |
| Mar 31 2021 | n/a | n/a | -US$147m |
| Dec 31 2020 | US$3m | US$412k | -US$171m |
| Sep 30 2020 | n/a | n/a | -US$149m |
| Jun 30 2020 | n/a | n/a | -US$172m |
| Mar 31 2020 | n/a | n/a | -US$152m |
| Dec 31 2019 | US$3m | US$885k | -US$115m |
| Sep 30 2019 | n/a | n/a | -US$96m |
| Jun 30 2019 | n/a | n/a | -US$83m |
| Mar 31 2019 | n/a | n/a | -US$74m |
| Dec 31 2018 | US$2m | US$400k | -US$61m |
| Sep 30 2018 | n/a | n/a | -US$90m |
| Jun 30 2018 | n/a | n/a | -US$77m |
| Mar 31 2018 | n/a | n/a | -US$70m |
| Dec 31 2017 | US$416k | US$400k | -US$64m |
Compensation vs Market: Ernie's total compensation ($USD6.45M) is about average for companies of similar size in the German market ($USD5.58M).
Compensation vs Earnings: Ernie's compensation has been consistent with company performance over the past year.
CEO
Ernie Garcia (40 yo)
12.3yrs
Tenure
US$6,454,661
Compensation
Mr. Ernest C. Garcia, III, also known as Ernie, has been Chief Executive Officer and President at Carvana Group, LLC since 2012 and serves as its Chairman. Mr. Garcia Founded Carvana Co. in 2012 and has be...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 12.3yrs | US$6.45m | 2.19% $ 339.4m | |
| Co-Founder & COO | 12.3yrs | US$6.44m | 0.035% $ 5.5m | |
| Chief Financial Officer | 9.8yrs | US$6.44m | 0.048% $ 7.5m | |
| Chief Product Officer | 9.1yrs | US$5.79m | 0.25% $ 38.8m | |
| President of Special Projects | 5.5yrs | US$4.11m | 0.088% $ 13.6m | |
| Co-Founder & Chief Brand Officer | 12.3yrs | US$1.73m | 0.11% $ 16.7m | |
| Vice President of Accounting & Finance | 4.8yrs | no data | 0.0097% $ 1.5m | |
| Head of Capital Markets | no data | no data | no data | |
| VP, General Counsel & Secretary | 8.7yrs | US$2.01m | 0.033% $ 5.1m | |
| Executive Vice President of Strategy | 1.3yrs | no data | no data |
9.1yrs
Average Tenure
42yo
Average Age
Experienced Management: CV0's management team is seasoned and experienced (9.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 7.3yrs | US$6.45m | 2.19% $ 339.4m | |
| Lead Independent Director | 6.9yrs | US$361.31k | 0.17% $ 26.1m | |
| Independent Director | 6.9yrs | US$335.31k | 0.033% $ 5.1m | |
| Independent Director | 6.9yrs | US$306.50k | 0.039% $ 6.1m | |
| Independent Director | 6.9yrs | US$335.31k | 0.083% $ 12.8m | |
| Independent Director | 5yrs | US$349.79k | 0.030% $ 4.6m |
6.9yrs
Average Tenure
61.5yo
Average Age
Experienced Board: CV0's board of directors are considered experienced (6.9 years average tenure).