Carvana's CEO's Father Set to Benefit from a $1.4 Billion Stock Sale

Carvana's CEO's Father Set to Benefit from a $1.4 Billion Stock Sale
2 months ago

In a stunning turn of events for the online used car retailer Carvana Co., it has been revealed that the father of CEO Ernie Garcia III stands to gain a colossal $1.4 billion from a significant stock sale. This financial maneuver comes as the company's shares have recently surged, further accentuating the potential windfall for Garcia's father, Ernie Garcia II, a major player in Carvana's history and growth.

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Carvana Reports Strong Quarter: Anticipates Continuing High Demand for Used Cars

Carvana Reports Strong Quarter: Anticipates Continuing High Demand for Used Cars
2 months ago

Carvana, the online used car retailer, has announced a robust performance for its latest quarter, suggesting a sustained demand for used vehicles in the near future. The company revealed that it sold 121,423 cars during the third quarter of 2024, representing a year-over-year increase of 4%. This growth comes despite a challenging economic climate and increased competition in the automotive marketplace.

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