Carvana Management
Management criteria checks 4/4
Carvana's CEO is Ernie Garcia, appointed in Jan 2012, has a tenure of 12.5 years. total yearly compensation is $6.45M, comprised of 14.1% salary and 85.9% bonuses, including company stock and options. directly owns 1.54% of the company’s shares, worth $405.08M. The average tenure of the management team and the board of directors is 9.3 years and 7.2 years respectively.
Key information
Ernie Garcia
Chief executive officer
US$6.5m
Total compensation
| CEO salary percentage | 14.1% |
| CEO tenure | 12.5yrs |
| CEO ownership | 1.5% |
| Management average tenure | 9.3yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
Carvana: Navigating Long-Term Sustainability After PIK Deferral Ends
Jun 24Carvana: Terrific Execution, But Trading At Risky Levels
Jun 17Carvana Isn't A Buy Now, But It Belongs On Your Watchlist
May 21Carvana: The Value And Momentum Trade Is Essentially Over
May 15Carvana: The Squeeze Is Over (Rating Downgrade)
May 02Carvana: Still Driving On The Edge With A Heavy Debt Load
Apr 23Carvana: Hold On, Wait A Minute (Rating Upgrade)
Apr 17Carvana, Vroom, BuzzFeed, Encore Wire - Getting Paid To Take Risks With Courage & Conviction Investing
Apr 04Carvana Still Has A Tough Road Ahead
Mar 19Carvana Earnings: My Unshakable Bullish Perspective, Now Less Controversial
Feb 23Carvana Q4 Earnings Preview: Expect A Big Move In The Stock
Feb 15Carvana: There Are Better Opportunities On The Market
Jan 29Carvana: Time To Bail Before The Juice Runs Out (Downgrade)
Jan 12Carvana: Mini 2021 All Over Again
Dec 06Carvana: Optically Appealing Earnings, But It's Headed For Bankruptcy
Nov 07Carvana: Sell On Rallies Amid Persistent Technical Weakness
Oct 31Carvana Stock: Bulls And Bears Might Lose Big
Oct 13Carvana: Improving Setup (Rating Upgrade)
Sep 30Carvana: Price Too High And Short Interest Is Justified
Sep 14Carvana: It Is Not That Simple
Aug 26Carvana: Debt Restructuring A Cause For Misplaced Turnaround Hopes
Jul 26Carvana Debt Swap: That Wasn't Good News
Jul 19Unveiling Carvana's Surge (Rating Downgrade)
Jul 13Carvana: Despite Short Squeeze Roller Coaster, The Ride Ends At $0
Jun 30Carvana: Don't Be Fooled By The Recent Profit Forecast
Jun 20Carvana: Doubt To Dough, How Changing Your Mind Makes You Money
Jun 083 Stocks On The Chopping Block: Carvana, Hanes, And Warby Parker
Feb 24Saga Partners - Carvana: The Key Debate
Feb 17Carvana Bondholders Are Bailing
Jan 31Carvana: Why Millennials Should Make A Small Investment Now
Jan 13Carvana: Too Risky To Invest
Dec 22Carvana: A Great Contrarian Investing Opportunity
Dec 06Carvana Stock: There Are Gains To Be Made
Nov 11Carvana: Single Digits Now Possible
Nov 04Carvana Crashes Into Zombie Territory Just In Time For Halloween
Oct 21Quick Takes: Tesla, Twitter, Carvana & More
Oct 06
Carvana: Analysts Got This Wrong
Sep 23Carvana: Our Response To Piper Sandler's Upgrade
Sep 14Is Carvana (NYSE:CVNA) Using Too Much Debt?
Sep 12
Carvana's ADESA introduces EV condition report feature
Sep 07Saga Partners - Carvana: Dominant Online Used Car Retailer Far Into The Future
Aug 30Carvana launches co-signer financing option across Florida
Aug 22Bad News Is Good, Good News Is Bad For Stocks ... Except For This Week
Aug 11Carvana: Destruction Is Near Completion - Buy Its Long-Term Bottom
Jul 31Luxor raises passive stake in Carvana to 5.9%
Jul 18Dr. Doom: Disheartened By These 3 Disruptors
Jul 07Carvana: Zombie Stock #1 - Could Go To $0 As Fed Raises Rates
Jun 29Insider Weekends: Cluster Of Insiders Purchase Carvana
Jun 20Carvana: Winning The Game, Long-Term Growth Trajectory Intact
Jun 03Is Carvana Stock A Good Long-Term Investment? Down 90% But Still Risky
May 23Steel City Capital - Carvana: Up Against The Clock From A Liquidity Perspective
May 12Carvana Stock: A Dreadful Risk-Return Profile
May 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$638m |
| 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 below average for companies of similar size in the US market ($USD13.47M).
Compensation vs Earnings: Ernie's compensation has been consistent with company performance over the past year.
CEO
Ernie Garcia (41 yo)
12.5yrs
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 | 12.5yrs | US$6.45m | 1.54% $ 405.1m | |
| Co-Founder & COO | 12.5yrs | US$6.44m | 0.090% $ 23.6m | |
| Chief Financial Officer | 10yrs | US$6.44m | 0.073% $ 19.1m | |
| Chief Product Officer | 9.3yrs | US$5.79m | 0.24% $ 64.2m | |
| President of Special Projects | 5.8yrs | US$4.11m | 0.085% $ 22.3m | |
| Co-Founder & Chief Brand Officer | 12.5yrs | US$1.73m | 0.11% $ 28.8m | |
| Vice President of Accounting & Finance | 5yrs | no data | 0.0058% $ 1.5m | |
| Head of Capital Markets | no data | no data | no data | |
| VP, General Counsel & Secretary | 8.9yrs | US$2.01m | 0.053% $ 13.8m | |
| Executive Vice President of Strategy | 1.5yrs | no data | no data |
9.3yrs
Average Tenure
43yo
Average Age
Experienced Management: CVNA's management team is seasoned and experienced (9.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 7.5yrs | US$6.45m | 1.54% $ 405.1m | |
| Lead Independent Director | 7.2yrs | US$361.31k | 0.15% $ 38.5m | |
| Independent Director | 7.2yrs | US$335.31k | 0.046% $ 12.0m | |
| Independent Director | 7.2yrs | US$306.50k | 0.041% $ 10.8m | |
| Independent Director | 7.2yrs | US$335.31k | 0.082% $ 21.6m | |
| Independent Director | 5.3yrs | US$349.79k | 0.030% $ 7.8m |
7.2yrs
Average Tenure
62.5yo
Average Age
Experienced Board: CVNA's board of directors are considered experienced (7.2 years average tenure).