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Consumer & Retail

Carvana Executive Compensation (FY25)

CVNA · Tempe, AZ · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Ernest C. Garcia, III
Latest say-on-pay support
=
May 5, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): May 6, 2026
7 filings cited on this page
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240 figures on this page: 236 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ernest C. Garcia, III: $10,595,400 → $8,382,555 (20.9% lower)
CEO pay ratio: 225:1 → 193.9:1 (13.8% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Carvana's chief executive and what were they paid?
Ernest C. Garcia, III, President, Chief Executive Officer, and Chairman, received $8,382,555 in total compensation for fiscal 2025. Garcia, III's total was 20.9% lower than the $10,595,400 reported for fiscal 2024.
What was Carvana's say-on-pay result?
Shareholders recorded 97.9% support for the say-on-pay proposal at the meeting held May 5, 2026 for fiscal 2025.
Which companies are in Carvana's peer group?
The disclosed peer group includes Airbnb, Inc., Autonation, Inc., Block, Inc., Carmax, Inc. and Chewy, Inc., among others.
What is Carvana's chief executive pay ratio?
The company reported a chief executive pay ratio of 193.9:1 for fiscal 2025, against median employee compensation of $43,236.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ernest Garcia III
President, Chief Executive Officer, and Chairman
◇—◇◇——◇◇
Mark Jenkins
Chief Financial Officer
◇—◇◇——◇◇
Benjamin Huston
Chief Operating Officer
◇—◇◇——◇◇
Daniel Gill
Chief Product Officer
◇—◇◇——◇◇
Tom Taira
President, Special Projects
◇—◇◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ernest Garcia III
President, Chief Executive Officer, and Chairman
◇—◇◇——◇◇
Mark Jenkins
Chief Financial Officer
◇—◇◇——◇◇
Benjamin Huston
Chief Operating Officer
◇—◇◇——◇◇
Daniel Gill
Chief Product Officer
◇—◇◇——◇◇
Tom Taira
President, Special Projects
◇—◇◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ernest Garcia III
President, Chief Executive Officer, and Chairman
◇—◇◇——◇◇
Benjamin Huston
Chief Operating Officer
◇—◇◇——◇◇
Mark Jenkins
Chief Financial Officer
◇—◇◇——◇◇
Daniel Gill
Chief Product Officer
◇—◇◇——◇◇
Paul Breaux
Chief Legal Officer
◇—◇◇——◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ernest C. Garcia, III
President, Chief Executive Officer, and Chairman
◇—◇———◇◇
Mark Jenkins
Chief Financial Officer
◇—◇———◇◇
Benjamin Huston
Chief Operating Officer
◇—◇———◇◇
Daniel Gill
Chief Product Officer
◇—◇———◇◇
Thomas Taira
President, Special Projects
◇—◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Benjamin HustonRSU◇——◇——◇
Daniel GillRSU◇——◇——◇
Ernest C. Garcia IIIRSU◇——◇——◇
Mark JenkinsRSU◇——◇——◇
Thomas TairaRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ernest C. Garcia, IIIOption◇—◇2/23/2033
Option◇—◇1/24/2034
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/13/2034
RSU◇◇——
Option◇—◇2/21/2032
RSU◇◇——
Benjamin HustonOption◇—◇2/23/2033
Option◇—◇1/24/2034
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/13/2034
RSU◇◇——
Option◇—◇2/21/2032
RSU◇◇——
Mark JenkinsOption◇—◇2/23/2033
Option◇—◇1/24/2034
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/13/2034
RSU◇◇——
Option◇—◇2/21/2032
RSU◇◇——
Daniel GillOption◇—◇2/23/2033
Option◇—◇1/24/2034
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/13/2034
RSU◇◇——
Option◇—◇2/21/2032
RSU◇◇——
Tom TairaOption◇—◇2/23/2033
Option◇—◇1/24/2034
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/13/2034
RSU◇◇——
Option◇—◇2/21/2032
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Maroone
Lead independent director
—◇————◇
Gregory Sullivan
◇◇————◇
Ira Platt
—◇————◇
Neha Parikh
—◇————◇
Dan Quayle
—◇————◇
Ernest C. Garcia, III served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Airbnb, Inc. ABNB
  • Autonation, Inc. AN
  • Block, Inc. XYZ
  • Carmax, Inc. KMX
  • Chewy, Inc. CHWY
  • Chipotle Mexican Grill, Inc. CMG
  • DoorDash, Inc. DASH
  • eBay, Inc. EBAY
  • Expedia Group, Inc. EXPE
  • Lithia Motors, Inc. LAD
  • Lyft, Inc. LYFT
  • Uber Technologies, Inc. UBER
  • Wayfair Inc. W
  • Zillow Group, Inc. Z

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 5, 2026=◇◇◇
2024May 5, 2025=◇◇◇
2023May 6, 2024=◇◇◇
2022May 1, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Ernest C. Garcia, III (President, Chief Executive Officer, and Chairman), FY2025 total compensation $8,382,555 (base salary $961,674) [exec_comp, SEC accession 0001690820-26-000024, filed 2026-03-25]

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What this page does not include

Everything above is a fact Carvana disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Carvana sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
240 figures on this page: 236 cited to the filing that reported them, 4 calculated from figures it prints.
236 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001690820-26-000039
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001690820-26-000024
    2025 DIRECTOR COMPENSATION · 2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · Grants of Plan-Based Awards · and 1 more section
  3. 0001690820-25-000156
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001690820-25-000105
    Summary Compensation Table
  5. 0001690820-24-000200
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001690820-24-000138
    Summary Compensation Table
  7. 0001690820-23-000139
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Carvana executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CVNA (accessed 2026).
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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
Get the executive briefGet the board briefNo account needed.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

Peers Carvana discloses

The companies named in CVNA's own disclosed peer group.

Airbnb, Inc.Autonation, Inc.Block, Inc.Carmax, Inc.Chewy, Inc.Chipotle Mexican Grill, Inc.DoorDash, Inc.eBay, Inc.Expedia Group, Inc.Lithia Motors, Inc.Lyft, Inc.Uber Technologies, Inc.Wayfair Inc.Zillow Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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