Carvana Co., founded in 2012 by Ernest Garcia III, Ryan Keeton, and Ben Huston, is an e-commerce platform for buying and selling used cars. The company's platform allows customers to shop, finance, and arrange delivery or pick-up of vehicles online. Carvana was launched as a subsidiary of DriveTime, a traditional used car business run by Ernest Garcia II, and was spun off in a 2017 IPO. Carvana has a significant presence in the online car dealers industry, holding an estimated 21% market share. As of February 6, 2026, Carvana's stock price is $403.67, and its market capitalization is $57.1 billion. Carvana is headquartered in Tempe, Arizona.
Ernest Garcia III is the CEO of Carvana. Other key executives include Ben Huston (Chief Operating Officer) and Ryan Keeton (Chief Brand Officer). Recent news indicates Carvana rejoined the S&P 500 in December 2025, a move that typically boosts a company's credibility and stock demand. Carvana's third-quarter results for 2025 showed strong performance, with increased retail units sold, revenue growth, and record operating income. Carvana has also been expanding its same-day delivery service to new markets. Recent reports also show that company insiders have been selling more stock than they have been buying.
