
Ernest Garcia III
American businessman
Ernest C. Garcia III (born 1982/1983) is an American businessman. He is the co-founder and chief executive officer of online used car retailer Carvana.2
From Wikipedia’s article on Ernest Garcia III (this version), CC BY-SA 4.0.
Born 1985.1
Net worth $11.4B (as of 2025, per forbes.com).25 Richest people
Companies
Holdings
Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.
Shares held
As of each latest filing. The line shows shares held over time.
Recent filings
- Sep 1, 2026Shares withheld for tax 7,070 shares at $72.18 of Carvana11
- Aug 3, 2026Granted 134,707 shares of Carvana12
- Aug 1, 2026Shares withheld for tax 7,069 shares at $62.36 of Carvana12
- Jul 1, 2026Shares withheld for tax 7,072 shares at $67.87 of Carvana13
- Jun 1, 2026Shares withheld for tax 7,067 shares at $71.00 of Carvana14
- May 1, 2026Shares withheld for tax 1,415 shares at $382.60 of Carvana15
- Apr 29, 2026Shares withheld for tax 9,268 shares at $396.59 of Carvana16
- Apr 29, 2026Granted 22,412 shares of Carvana16
- Apr 1, 2026Shares withheld for tax 4,537 shares at $312.09 of Carvana17
- Mar 1, 2026Shares withheld for tax 1,229 shares at $334.16 of Carvana18
- Feb 1, 2026Shares withheld for tax 1,230 shares at $401.11 of Carvana19
- Jan 1, 2026Shares withheld for tax 897 shares at $422.02 of Carvana20
- Dec 1, 2025Shares withheld for tax 1,229 shares at $375.26 of Carvana21
- Nov 1, 2025Shares withheld for tax 1,229 shares at $306.54 of Carvana22
- Oct 9, 2025Sold 16 shares at $362.00 of Carvana23
- Oct 9, 2025Sold 15 shares at $362.00 of Carvana23
- Oct 9, 2025Sold 35 shares at $361.00 of Carvana23
- Oct 9, 2025Sold 36 shares at $360.74 of Carvana23
- Oct 9, 2025Sold 140 shares at $360.08 of Carvana23
- Oct 9, 2025Sold 139 shares at $359.66 of Carvana23
- Oct 9, 2025Sold 141 shares at $358.96 of Carvana23
- Oct 9, 2025Sold 141 shares at $358.96 of Carvana23
- Oct 9, 2025Sold 87 shares at $357.90 of Carvana23
- Oct 9, 2025Sold 87 shares at $357.90 of Carvana23
- Oct 9, 2025Sold 86 shares at $357.13 of Carvana23
Early life and education
- Date not recordedStanford University3
Ernest Garcia III is the son of businessman Ernest Garcia II. He earned a bachelor's degree in Management Science and Engineering from Stanford University in 2005.
Garcia lives in Phoenix, Arizona.
From Wikipedia’s article on Ernest Garcia III (this version), CC BY-SA 4.0.
Career
Occupation: businessperson.5
Garcia began his career as an associate in the Principal Transactions Group at RBS Greenwich Capital. He joined DriveTime in 2007, before co-founding (with Ryan Keeton and Ben Huston) its subsidiary Carvana in 2012, with Garcia as president and CEO since its inception. Carvana was eventually spun out from DriveTime and given an IPO in 2017. At that time, Garcia became chairman of Carvana.
In 2016, Garcia was named Ernst & Young Entrepreneur Of The Year in the Mountain Desert region for the consumer technology category Garcia, along with Carvana's co-founders, were included in Fortune's 40 Under 40 list in 2017.
According to the Bloomberg Billionaires Index, Garcia's wealth dropped 98% in 2022, as Carvana's stock price continued to fall amid bankruptcy concerns.
From Wikipedia’s article on Ernest Garcia III (this version), CC BY-SA 4.0.
Personal life
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataErnest Garcia III on Wikidata
- 2WikipediaErnest Garcia III on Wikipedia
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- 9SEC EDGARCarvana, Board member
- 10WikidataCarvana, Founder
- 11
- 12SEC EDGARForm 4 filed Aug 4, 2026
- 13SEC EDGARForm 4 filed Jul 2, 2026
- 14SEC EDGARForm 4 filed Jun 3, 2026
- 15SEC EDGARForm 4 filed May 5, 2026
- 16SEC EDGARForm 4 filed May 1, 2026
- 17SEC EDGARForm 4 filed Apr 3, 2026
- 18SEC EDGARForm 4 filed Mar 3, 2026
- 19SEC EDGARForm 4 filed Feb 3, 2026
- 20SEC EDGARForm 4 filed Jan 5, 2026
- 21SEC EDGARForm 4 filed Dec 2, 2025
- 22SEC EDGARForm 4 filed Nov 4, 2025
- 23SEC EDGARForm 4 filed Oct 10, 2025
- 24Wikimedia CommonsErnest Garcia III photo by Gage Skidmore, CC BY-SA 3.0
- 25WikidataNet worth