Acquisition
Jan 2022Acquired ADESA U.S. physical auction business, adding 56 locations and substantial integration, reconditioning, infrastructure, and capital requirements.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Overview
Carvana is a U.S. e-commerce automotive retailer that lets consumers shop for, finance, trade in, sell, and receive used vehicles through a primarily online experience, with delivery or local pickup. Its vertically integrated model combines vehicle sourcing, inspection/reconditioning, financing, logistics, wholesale auctions, and post-sale support.
Primary product
Online used-vehicle marketplace and end-to-end vehicle purchase, sale, trade-in, financing, delivery, and pickup platform.
Founded
2012
Headquarters
300 E. Rio Salado Parkway, Tempe, Arizona 85281, United States
Team size
Over 23,100 full- and part-time employees as of December 31, 2025
Work style
Flexible
Industry
Automotive e-commerce and retail
Sub-industry
Online used-car dealership, automotive finance, logistics, and wholesale vehicle auctions
Offices
Tempe, Arizona headquarters
Carmel, Indiana
Atlanta, Georgia
U.S. inspection centers, logistics hubs, vending-machine locations, and ADESA facilities
Business model
Direct online retail of used vehicles
Vehicle acquisition, trade-in, and wholesale auctions
Consumer vehicle financing and loan origination
Ancillary products and services
Vertically integrated inspection, reconditioning, transportation, and delivery
Funding
Stage
Public company; IPO in 2017
Total raised
$935M
Latest round
Initial public offering · Apr 2017
Latest amount
$225M
Nov 2018
Apr 2017
People & investors
Leadership
Founder, President, Chief Executive Officer, and Chairman
Co-Founder and Chief Operating Officer
Ryan Keeton
Co-Founder and Chief Brand Officer
Mark Jenkins
Chief Financial Officer
Work & culture
Founder-led, high-performance and execution-oriented culture emphasizing customer experience, technology, ownership, continual learning, inclusion through Carvana Communities, and community service. Work arrangements vary materially by role and location: some roles are fully onsite, while some engineering roles are remote or location-flexible.
Work style
Flexible
Compensation
Public job postings commonly advertise competitive salary, Carvana stock compensation, benefits, and role-specific perks; postings ask candidates for desired compensation ranges. No reliable company-wide compensation range was established.
Benefits
Medical, dental, and vision insurance
$0-premium HDHP employee coverage option
401(k) with company match
Tuition reimbursement
Paid parental leave
Paw-ternity leave
Vehicle discounts
Wellness program
Birthday holiday
Pet-care discounts
Employee referral program
HSA contributions
Dependent-care FSA
Student-loan payment assistance for some roles
Product & market
Pricing
Vehicle-specific listed prices plus financing interest, delivery or pickup terms, trade-in economics, and optional ancillary products; Carvana emphasizes transparent, no-haggle pricing and a seven-day return policy.
Differentiators
- —Entirely online purchase and sale workflow
- —Home delivery and local pickup
- —Nationwide inventory and logistics network
- —Car vending machines and distinctive fulfillment experience
- —Transparent, no-haggle pricing
- —Seven-day return policy
- —Vertically integrated inspection, reconditioning, financing, logistics, and wholesale capabilities
- —Proprietary technology and AI for customer service, logistics, vehicle presentation, and credit
Scale & contact
Estimated revenue
Approximately $20B-$25B annually; reported 2025 revenue was $20.322B.
Signals & risks
Layoff
The company restructured operations and debt and reduced headcount by more than 4,000 during the shift from growth to cost cutting, according to reporting summarized in public sources.
SourceOther
Jan 2025Hindenburg Research published a short report alleging accounting and related-party concerns involving DriveTime; these were allegations, not established findings.
Latest news
Carvana Investor Relations · Jul 2026
Q2 revenue reached $7.376B, retail units 197,325, net income $513M, and adjusted EBITDA $769M; 2026 adjusted-EBITDA guidance was $2.7B-$3.0B.
CNBC · Jul 2026
Reported the record quarter and market reaction to guidance that missed some analyst expectations.
Carvana Investor Relations · Feb 2026
2025 revenue was $20.322B, retail units were 596,641, and net income was $1.895B.
Microsoft · May 2025
Described Carvana’s Azure, AKS, Cosmos DB, Azure AI Foundry, AI-agent, CARE, and GitHub Copilot usage.
Hindenburg Research · Jan 2025
Open Positions
1000 jobs at Carvana
Product Manager, Inventory
On-site
Product Management
Tempe, Arizona
Today
On-site
Full-time