This question is about Carvana.
Who owns Carvana?
Ernest C. Garcia II owns Carvana with a 45.19% stake in the company. Other top shareholders of the company include:
Price T. Rose Associates Inc (7.12%)
Fmr LLC (5.53%)
Baillie Gifford Co (5.03%)
Tiger Global Management (4.52%)
The Vanguard Group, Inc (3.87%)
Morgan Stanley (3.8%)
Carvana was founded by Ernest Garcia III, Ryan Keeton, and Ben Huston in 2012. The company's initial funding came from the used car retailer and finance company DriveTime. In November 2013, Carvana opened its first car vending machine. As of May 2022, Carvana operates 32 vending machines in the United States.
Carvana is headquartered in Tempe, Arizona, and is broken down into four divisions:
Wholesale vehicle sales
Carvana is one of the fastest-growing online used car dealers in the United States. It provides users the ability to browse used cars online and get approved for financing at the push of a button. Users can also choose to trade in or sell their current vehicles.
Carvana is a fast-growing publicly traded company and the second largest online-used car retailer in the United States. In 2021, Carvana had annual revenue of $12.8 billion, with over 21,000 employees working for the company.