Carvana Co.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Ernie C. Garcia
- Full Time Employees
- 23,100
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- 300 East Rio Salado Parkway Tempe AZ United States 85281
- IPO Date
- Apr 28, 2017
- CIK
- 0001690820
- Website
- carvana.com
- Similar Companies
- Business
- Carvana Co. (NYSE: CVNA) operates as an e-commerce platform for buying and selling used vehicles, offering a fully online vehicle purchasing experience with features including 360-degree vehicle imaging, seven-day return policies, and nationwide delivery. The company provides core services such as vehicle inspection and reconditioning at its Inspection and Reconditioning Centers (IRCs), financing options through Carvana Capital and third-party lenders, and selling accessories and protection products; it also facilitates peer-to-peer vehicle sales via its Sell Your Car platform and offers commercial fleet sales. Founded in 2012 and headquartered in Tempe, Arizona, Carvana primarily serves retail consumers across the United States, with operations spanning over 280 markets through more than 30 IRCs and vending machines for vehicle delivery. In recent developments, Carvana completed a significant debt restructuring and recapitalization in 2024, reducing its long-term debt by approximately $5.6 billion and enhancing financial flexibility; the company also expanded its physical footprint with new IRC openings and reported record profitability in Q3 2025, driven by improved unit economics and market share gains in the used vehicle sector. Additionally, Carvana launched enhancements to its AI-powered vending machine technology and formed strategic alliances with automakers for certified pre-owned inventory access.
Company News
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Carvana Brings Inspection and Reconditioning Center Capabilities to ADESA Orlando
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