Co-founder Ernie Garcia says price declines and interest rate cuts should make used vehicles more affordable. Photo: Getty ...

Ernie Garcia II, the father of Carvana Co. Chief Executive Officer Ernest Garcia III, has cashed in $1.4 billion of the ...

(Bloomberg) -- Ernie Garcia II, the father of Carvana Co. Chief Executive Officer Ernest Garcia III, has cashed in $1.4 billion of the company’s stock since April — a stake that’s now worth ...

Carvana, the e-commerce platform for buying and selling used cars, bounces back after recent industry reversals.

Carvana investors have been on a roller coaster ride over the past couple of years, and for those who could hang on, it's paid off big time. The used-car dealer, famous for its car tower vending ...

and strengthening our wholesale platform,” said Ernie Garcia, co-founder and CEO of Carvana. "With just 1% share in an enormous market, significant capacity to support growth, and a business ...