Ernest Garcia III

Ernest Garcia III
Born Ernest C. Garcia
1982/1983 (age 34–35)[1]
Residence Phoenix, Arizona, U.S.
Nationality American
Alma mater Stanford University
Occupation Businessman
Known for Chairman and CEO, Carvana
Net worth $600 million (December 2017)
Parent(s) Ernest Garcia II

Ernest C. Garcia III (born 1982/83) is an American used car businessman, the CEO of Carvana, a company founded by his father, Ernest Garcia II.

Early life

Ernest Garcia III is the son of Ernest Garcia II.[1] He earned a bachelor's degree in engineering from Stanford University in 2005.[1][2]

Career

Garcia joined his father's company DriveTime after college, before co-founding (with Ryan Keeton, and Ben Huston) its subsidiary Carvana in 2012, with Garcia as president and CEO since its inception.[1][2][3][4] Carvana was eventually spun out from DriveTime and given an IPO.[1] Garcia also became chairman of Carvana, some time after 2012.[5]

Garcia owns $600 million in Carvana shares, his father is the company's largest shareholder and they have full control due to their super-voting shares.[1]

Personal life

Garcia is based in Phoenix, Arizona.[6]

References

  1. 1 2 3 4 5 6 Vardi, Nathan. "How An Ex-Con Became A Billionaire From Used Cars". Forbes. Retrieved 9 January 2018.
  2. 1 2 "Executive Profile: Ernest C. Garcia III". Bloomberg LP. Retrieved 9 January 2018.
  3. ↑ Diogenes, Goddess (7 June 2017). "Carvana: Disguised As 'Disruption' In The Used Car Sales Business Backed By Unethical Management". Retrieved 10 January 2018.
  4. ↑ "Amber Baldet". 17 August 2017. Retrieved 10 January 2018.
  5. ↑ "Management and Directors". investors.carvana.com. Retrieved 10 January 2018.
  6. ↑ https://www.bizjournals.com/phoenix/news/2016/11/15/2016-business-person-of-the-year-nominee-ernie.html


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