Carvana Co.

NYSE:CVNA Stock Report

Market Cap: US$96.4b

Carvana Management

Management criteria checks 3/4

Carvana's CEO is Ernie Garcia, appointed in Jan 2012, has a tenure of 13.92 years. total yearly compensation is $10.60M, comprised of 8.8% salary and 91.2% bonuses, including company stock and options. directly owns 1.15% of the company’s shares, worth $1.11B. The average tenure of the management team and the board of directors is 10.8 years and 8.6 years respectively.

Key information

Ernie Garcia

Chief executive officer

US$10.6m

Total compensation

CEO salary percentage8.78%
CEO tenure13.9yrs
CEO ownership1.2%
Management average tenure10.8yrs
Board average tenure8.6yrs

Recent management updates

Recent updates

Carvana's Comeback: Structural Growth, S&P 500 Inclusion, But Pricey Valuation

Dec 24

After Leaping 37% Carvana Co. (NYSE:CVNA) Shares Are Not Flying Under The Radar

Dec 20
After Leaping 37% Carvana Co. (NYSE:CVNA) Shares Are Not Flying Under The Radar

Is Carvana (NYSE:CVNA) Using Too Much Debt?

Jul 22
Is Carvana (NYSE:CVNA) Using Too Much Debt?

Is Carvana Co. (NYSE:CVNA) Worth US$338 Based On Its Intrinsic Value?

Jul 02
Is Carvana Co. (NYSE:CVNA) Worth US$338 Based On Its Intrinsic Value?

Carvana Co.'s (NYSE:CVNA) P/S Is Still On The Mark Following 30% Share Price Bounce

May 11
Carvana Co.'s (NYSE:CVNA) P/S Is Still On The Mark Following 30% Share Price Bounce

Carvana: A Comeback Possible With Tariff Easing

Mar 25

The Price Is Right For Carvana Co. (NYSE:CVNA) Even After Diving 35%

Mar 18
The Price Is Right For Carvana Co. (NYSE:CVNA) Even After Diving 35%

Carvana: This May Be A Good Time To Sell (Rating Downgrade)

Feb 20

Carvana Risks Sustainable Gross Profit Per Unit

Jan 21

Why Investors Shouldn't Be Surprised By Carvana Co.'s (NYSE:CVNA) P/S

Jan 16
Why Investors Shouldn't Be Surprised By Carvana Co.'s (NYSE:CVNA) P/S

Carvana: Fortifying Their Business In 2025

Jan 13

Carvana: This Slide Is A Great Buying Opportunity (Rating Upgrade)

Jan 07

Is Carvana Co. (NYSE:CVNA) Trading At A 43% Discount?

Dec 26
Is Carvana Co. (NYSE:CVNA) Trading At A 43% Discount?

Carvana: A Major Reason You Should Avoid This Overpriced Stock

Dec 04

The Art Of Being A Contrarian With Courage & Conviction Investing

Nov 21

Carvana's Rally: A Test Drive Worth Skipping

Nov 11

Carvana Is Insanely Overvalued

Oct 09

Carvana's Growth Story May Be Muted By Macroeconomic Forces

Sep 25

Carvana: I Was Wrong In 2022, But My Buyside Analyst Friend Got It Right (Rating Upgrade)

Sep 04
User avatar

Elevating Customer Experiences And Operational Efficiencies To Fuel Remarkable Growth

Carvana's focus on enhancing customer experiences and service offerings aims to distinguish it from competitors and drive revenue growth.

Carvana: Time To Sell The Earnings Rally (Rating Downgrade)

Aug 01

Carvana: A Promising Investment In The Used Car Market

Jul 25

Carvana: Navigating Long-Term Sustainability After PIK Deferral Ends

Jun 24

Carvana: Terrific Execution, But Trading At Risky Levels

Jun 17

Carvana Isn't A Buy Now, But It Belongs On Your Watchlist

May 21

Carvana: The Value And Momentum Trade Is Essentially Over

May 15

Carvana: The Squeeze Is Over (Rating Downgrade)

May 02

Carvana: Still Driving On The Edge With A Heavy Debt Load

Apr 23

CEO Compensation Analysis

How has Ernie Garcia's remuneration changed compared to Carvana's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

US$629m

Jun 30 2025n/an/a

US$563m

Mar 31 2025n/an/a

US$398m

Dec 31 2024US$11mUS$930k

US$210m

Sep 30 2024n/an/a

US$17m

Jun 30 2024n/an/a

US$714m

Mar 31 2024n/an/a

US$638m

Dec 31 2023US$6mUS$912k

US$450m

Sep 30 2023n/an/a

-US$242m

Jun 30 2023n/an/a

-US$1b

Mar 31 2023n/an/a

-US$1b

Dec 31 2022US$6mUS$323k

-US$2b

Sep 30 2022n/an/a

-US$870m

Jun 30 2022n/an/a

-US$619m

Mar 31 2022n/an/a

-US$359m

Dec 31 2021US$5mUS$758k

-US$135m

Sep 30 2021n/an/a

-US$109m

Jun 30 2021n/an/a

-US$84m

Mar 31 2021n/an/a

-US$147m

Dec 31 2020US$3mUS$412k

-US$171m

Sep 30 2020n/an/a

-US$149m

Jun 30 2020n/an/a

-US$172m

Mar 31 2020n/an/a

-US$152m

Dec 31 2019US$3mUS$885k

-US$115m

Sep 30 2019n/an/a

-US$96m

Jun 30 2019n/an/a

-US$83m

Mar 31 2019n/an/a

-US$74m

Dec 31 2018US$2mUS$400k

-US$61m

Compensation vs Market: Ernie's total compensation ($USD10.60M) is about average for companies of similar size in the US market ($USD13.39M).

Compensation vs Earnings: Ernie's compensation has increased by more than 20% in the past year.

CEO

Ernie Garcia (42 yo)

13.9yrs
Tenure
US$10,595,400
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

NamePositionTenureCompensationOwnership
Ernest Garcia
Co-Founder13.9yrsUS$10.60m1.15%
$ 1.1b
Benjamin Huston
Co-Founder & COO13.9yrsUS$10.52m0.012%
$ 11.1m
Mark Jenkins
Chief Financial Officer11.4yrsUS$10.52m0.085%
$ 82.1m
Paul Breaux
VP, General Counsel10.3yrsUS$6.67m0.011%
$ 10.7m
Daniel Gill
Chief Product Officer10.8yrsUS$9.45m0.082%
$ 78.8m
Ryan Keeton
Co-Founder & Chief Brand Officer13.9yrsUS$1.73m0.028%
$ 26.9m
Stephen Palmer
Vice President of Accounting & Finance6.4yrsno data0.014%
$ 13.1m
Michael McKeever
Head of Capital Marketsno datano datano data
Thomas Taira
President of Special Projects7.2yrsUS$4.11m0.015%
$ 14.5m
Christina Keiser
Executive Vice President of Strategy2.9yrsno datano data
10.8yrs
Average Tenure
44yo
Average Age

Experienced Management: CVNA's management team is seasoned and experienced (10.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ernest Garcia
Co-Founder8.9yrsUS$10.60m1.15%
$ 1.1b
Michael Maroone
Lead Independent Director8.6yrsUS$396.30k0.13%
$ 128.0m
Gregory Sullivan
Independent Director8.6yrsUS$396.30k0.027%
$ 26.2m
James Danforth Quayle
Independent Director8.6yrsUS$366.29k0.038%
$ 36.4m
Ira Platt
Independent Director8.6yrsUS$396.30k0.045%
$ 42.9m
Neha Parikh
Independent Director6.7yrsUS$384.28k0.039%
$ 37.6m
8.6yrs
Average Tenure
63.5yo
Average Age

Experienced Board: CVNA's board of directors are considered experienced (8.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/24 21:57
End of Day Share Price 2025/12/24 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Carvana Co. is covered by 49 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Colin SebastianBaird
Craig KennisonBaird
John BabcockBarclays