Carvana CEO Ernie Garcia and his father make $11 billion in 3,000% stock rebound

Carvana CEO Ernie Garcia and dad — Ernie Garcia III, left, who is Carvana’s CEO, derives his wealth mainly from his stake in the company, which he co-founded in 2012 with his 67-year-old father, Ernie Garcia II, who’s also a major shareholder. (BLOOMBERG)

By:

Bloomberg

May 03, 2024 10:41 AM

The father-son duo behind Carvana Co. have seen their fortunes rebound as shares of the Phoenix-based online used-car dealer have surged more than 3,000 percent from historic lows.

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