Carvana Rewards Employees with Stock Featured

By Staff Writer November 09, 2018

Carvana Co. retailed 25,324 units in the third quarter for revenue of $534.9 million.

Total gross profit was $57.3 million.

Both profit and loss were affected by an employee share bonus.

In recognition of Carvana selling its 100,000th vehicle, CEO Ernie Garcia III recently committed to give each current employee 165 shares of his personal stock once they reached their one‐year employment anniversary.

The giveaway is worth up to $35 million at the announcement date’s stock price.

Last modified on Friday, 09 November 2018 01:45

Please publish modules in offcanvas position.