Carvana's founder and CEO, owns $600 million worth of Carvana shares
Posted: Sun Jan 19, 2025 4:38 am
Carvana has since grown and acquired several companies to help improve the quality of its services. In 2017, Carvana acquired a rival automotive startup called Calypso to improve its analytics tools and vehicle data. Later in April 2018, Carvana acquired Car360, a startup known for its 3D computer vision, machine learning, and AR technology, which enhances images of vehicles taken with smartphones. Car360 was backed by Mark Cuban, an American billionaire entrepreneur, and was acquired by Carvana for $22 million. During the COVID-19 pandemic in 2020, Carvana introduced contactless delivery and pickup, allowing customers to complete the entire car-buying process without having to interact with a worker.
This move alone drove a 25% increase in auto sales and a 13% increase in gross revenue. Carvana dentist phone number list became the second-largest online used car retailer in the U.S. in 2020, selling 244,111 vehicles and generating $5.587 billion in annual revenue. Who Owns Carvana Carvana is owned by 65.15% of institutional shareholders and 57.48% of Carvana's co-insiders. Ernest Garcia II, the father of Carvana's founder, is Carvana's largest individual co-shareholder. He owns 45.18% of the company, which equates to 82.5 million of Carvana's total shares. His shares are currently valued at $1.
. Thanks to their super voting shares, Garcia III and his father have complete control. The company's other top shareholders include Price T. Rowe Associates Inc. (10.65%), Baillie Gifford Co (5.78%), Vanguard Group Inc. (4.71%), Cas Investment Partners LLC (3.57%), Spruce House Investment Management (3.26%) and Fmr LLC (3.00%). Other shareholders include Spruce House Partnership Ai LP, Morgan Stanley and Blackrock Inc. Carvana is led by Founder and Chief Executive Officer Ernest Garcia III, with Co-Founder Ryan Keeton as Chief Brand Officer and Co-Founder Ben Huston as Chief Operating Officer.
This move alone drove a 25% increase in auto sales and a 13% increase in gross revenue. Carvana dentist phone number list became the second-largest online used car retailer in the U.S. in 2020, selling 244,111 vehicles and generating $5.587 billion in annual revenue. Who Owns Carvana Carvana is owned by 65.15% of institutional shareholders and 57.48% of Carvana's co-insiders. Ernest Garcia II, the father of Carvana's founder, is Carvana's largest individual co-shareholder. He owns 45.18% of the company, which equates to 82.5 million of Carvana's total shares. His shares are currently valued at $1.
. Thanks to their super voting shares, Garcia III and his father have complete control. The company's other top shareholders include Price T. Rowe Associates Inc. (10.65%), Baillie Gifford Co (5.78%), Vanguard Group Inc. (4.71%), Cas Investment Partners LLC (3.57%), Spruce House Investment Management (3.26%) and Fmr LLC (3.00%). Other shareholders include Spruce House Partnership Ai LP, Morgan Stanley and Blackrock Inc. Carvana is led by Founder and Chief Executive Officer Ernest Garcia III, with Co-Founder Ryan Keeton as Chief Brand Officer and Co-Founder Ben Huston as Chief Operating Officer.