Carvana CEO & Co-Founder, Ernest Garcia: Building a $50B Company, Losing 99% and Coming Back

Ernest Garcia is the Co-Founder and CEO @ Carvana. Under Ernie’s leadership, Carvana went from a back-of-the-napkin idea to a $50+ billion public company, became the fastest-growing online used car retailer in U.S. history, and landed on the Fortune 500 in under 10 years. However, it was not all up and to the right, in 2022, the stock plummeted 99% to a market cap of just $400M. Today they are back with a market cap of $35BN, that is a 100x in the public markets and selling 400,000 cars sold annually, with a logistics network that rivals Amazon.

In Today’s Episode with Ernie Garcia We Discuss:

Are all great founders just “stubborn egomaniacs”?

How Carvana Almost Died on Several Occasions

Is Carvana’s Inability to get VC Funding a Sign the VC Model is Broken?

Operators vs. Strategists: What Hires Can Make or Break a Company?

Billionaire’s Biggest Lessons on Parenting

Is Life About Happiness or Achieving

The Reality of Being a Public Company CEO

Why Companies Should Go Public

Why You Should Price Your IPO to Perfection with No Pop

“What I Wish I Had Known About Debt in Building Carvana”