Ernest Garcia III
Ernest C. Garcia III (born 1982/1983) is an American billionaire businessman, and the CEO and co-founder of Carvana. Early life and education. Ernest Garcia III is the son of Ernest Garcia II. He earned a bachelor's degree in Management Science and Engineering from Stanford University in 2005. Career. 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. Garcia owns $600 million in Carvana shares, his father is the company's largest shareholder and they have full control due to their super-voting shares. 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. Personal life. Garcia lives in Phoenix, Arizona.