Carvana CEO Ernie Garcia: Don't believe we'll be 'super directly impacted' by tariffs

Carvana CEO Ernie Garcia: Don't believe we'll be 'super directly impacted' by tariffs

Carvana co-founder and CEO Ernie Garcia joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the used car market, impact of President Trump's tariffs policy, and more.

Carvana roars out of Q1, expects momentum to continue — with caveat

After reporting strong first quarter results, used-car retailer Carvana set a goal of selling 3 million units with significant profit within five to 10 years. It is well on its way to achieving its “mission” of changing the way people buy cars, Carvana chairman, president and CEO Ernie Garcia said during the earnings call. “Given the position we're in and the fundamental gains we see in front of us, the path to that goal, which we currently view…

Carvana (CVNA) earnings Q1 2025

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Carvana CEO and co-founder Ernie Garcia loosely addressed potential impacts of tariffs on the business, say…