Carvana is an automotive company focusing on online car sales, financing, and customer service. Founded in 2012 and headquartered in Phoenix, this innovative business replaces traditional dealership infrastructure with technology and exceptional customer service with the aim to revolutionize the way people buy cars. Carvana's intuitive online platform allows consumers to easily browse over 15,000 vehicles, secure financing, trade-in or sell their current vehicle, sign contracts, and schedule next-day delivery or pickup at one of the company's patented automated Car Vending Machines.
As an industry leader in Arizona, Carvana employs 10,400 people and generates annual revenue of $13.6 billion. With a diverse workforce consisting of 27.8% women and 47.1% ethnic minorities, the company fosters a dynamic environment that welcomes various backgrounds. However, the majority of employees identify as members of the Democratic Party, creating a noticeable lack of political diversity. Carvana enjoys a high employee retention rate, with staff members remaining with the company for an average of 3.1 years. The median employee salary at Carvana is $39,476 per year, which is lower than some competitors in the automotive industry. Under the leadership of CEO Ernest Garcia III, Carvana continues to strive for innovation and growth within the online car sales market.
