Carvana
Online used car retail · United States
Carvana sells used cars entirely online: it buys cars from consumers and auctions, reconditions them in its own centres, finances the purchase and delivers to the buyer’s door or a car vending machine, selling about 600,000 cars in 2025.
What makes it different
It sells cars from glass towers like a vending machine.
39Car vending machinesas of 2025-12-31
Thirty-nine multi-storey car vending machines double as pick-up points and billboards.
How big it is
How big is Carvana?
$20.3BRevenueFY2025
596,641Retail units soldFY2025
23,100Employees2025
How it makes money FY2025
Mostly car sales, plus wholesale and loan sales.
- Retail vehicle sales72%$14.5B
- Wholesale sales and revenues20%$4.1B
- Loan sales and add-on products9%$1.7B
How the business works
Buy, recondition, sell and finance online.
- 1Cars directly from owners
- 2Online with home delivery
- 3Then sell the loans
The car is the hook: loan sales, warranties and trade-ins earn about as much profit as the car itself.
Who owns it
- Ernest C. Garcia II50%
- Ernest C. Garcia III33%
- The Vanguard Group12%
CEO: Ernest C. Garcia III
Who it competes with
Key moments
- 2012Carvana starts selling cars online
- 2017IPO on the New York Stock Exchange
- 2022Completes the ADESA acquisition
- 2023Retail units fall to 312,847 as it cuts costs
- 2024First year of operating profit
Sources
Every number on this page comes from Carvana's own reports.
Full profile
The rest of the story is in the app.
What Carvana tracks15 metrics
Retail units sold
Cars listed online
Average monthly unique visitors
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
The full timeline12 moments
2022
2023
2026
Carvana vs Fordside by side
Revenue
Profit
People
Point your phone at a logo.
See the company behind it.
The full story in 12 chapters · compare any two companies · 335 companies, and any other on request.
Download on the App Store
