Disclosure
Eric Jackson is a director of Silvia, Inc., where Anthony Pompliano is Chairman and CEO. Jackson chairs the board's Compensation Committee, according to Silvia's investor site.
The short answer: Carvana (NYSE: CVNA) is an online used-car retailer founded in 2012 and based in Tempe, Arizona. It sold a record 197,325 cars in the second quarter of 2026 and was worth about $64.4 billion as of October 23, 2026. Its stock lost 98% of its value in 2022, then gained 1,000% in 2023, CNBC reported.
A company profile from The Pomp Podcast, hosted by Anthony Pompliano. Last updated: October 25, 2026.
Key takeaways
Carvana is an online used-car retailer founded in 2012 and based in Tempe, Arizona.
Founder Ernie Garcia is CEO. It lost 98% of its value in 2022 on bankruptcy fears, then gained 1,000% in 2023, CNBC reported.
It was worth about $64.41 billion at the October 23, 2026 close.
What is Carvana?
Carvana runs an online platform for buying and selling used cars, and also offers financing, delivery and auctions. It was founded in 2012, is based in Tempe, Arizona, and went public in April 2017, according to its company profile. Founder Ernie Garcia is CEO.
How big is Carvana?
Carvana's market value was about $64.41 billion at the close on October 23, 2026, according to StockAnalysis. That was down about 8% from a year earlier.
How did Carvana do last quarter?
In its second-quarter 2026 results, released July 29, Carvana reported:
197,325 retail cars sold, up 38% from a year earlier.
Revenue of $7.376 billion, up 52%.
Net income of $513 million and adjusted EBITDA of $769 million, both records.
A full-year 2026 adjusted EBITDA forecast of $2.7 billion to $3.0 billion.
"At Carvana's current run-rate scale of almost 800k retail units and over $2 billion Net income, we are still just 1.5% of the U.S. automotive market," Garcia said in the release.
Carvana will report third-quarter 2026 results after the market closes on October 28, 2026, according to the company.
Why do investors talk about Carvana's comeback?
Carvana lost 98% of its value in 2022 as investors worried it could go bankrupt, CNBC reported. The stock then gained 1,000% in 2023. Its low was $3.72 in December 2022.
CNBC noted that Eric Jackson of EMJ Capital told the network in April 2022 that he liked the stock, before it hit bottom. Jackson has since used Carvana as his example of a hated stock that can rebound.
What did The Pomp Podcast say about Carvana?
Jackson talked about Carvana on the October 15, 2026 episode, "How to Find the Next 10x Stock Before Everyone Else | Eric Jackson". Quotes below are from the episode, with timestamps.
After visiting a Hut 8 data center, Jackson compared it to the stocks that made his name:
"Hey, this is one of the most misunderstood stocks out there. Usually that's a good sign. Cause that's, that's what Carvana had in common. That's what Opendoor had in common"
He said that is what he tries to help retail investors do:
"getting behind a few stocks, like an Open Door, Carvana, that could really make a big difference in their lives"
He also said asking AI to find the next big winner doesn't work well:
"the next Carvana or something usually doesn't yield much fruit"
These are Jackson's views. See What Is Opendoor? and What Is Hut 8?.
Every Pomp Podcast episode that discussed Carvana
Carvana came up in 1 recent episode of The Pomp Podcast. Each link opens the YouTube video at that moment.
Oct 15, 2026: How to Find the Next 10x Stock Before Everyone Else | Eric Jackson. Eric Jackson used Carvana as his example of a misunderstood stock. Timestamps: 4:35 (AI and "the next Carvana"), 13:08 (misunderstood stocks), 20:36 (helping retail investors).
Watch or listen to the episode
How to Find the Next 10x Stock Before Everyone Else | Eric Jackson, released October 15, 2026. The Carvana comparison is at 13:08.
Opinions from guests on The Pomp Podcast are their own. Nothing on this page is a recommendation to buy or sell any security.
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Where can I follow Carvana?
Carvana posts results and announcements on its press site.
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Frequently asked questions
What is Carvana?
Carvana is an online used-car retailer founded in 2012 and based in Tempe, Arizona.
Who is the CEO of Carvana?
Founder Ernie Garcia.
How much is Carvana worth?
About $64.41 billion at the October 23, 2026 close, according to StockAnalysis.
Why did Carvana stock crash in 2022?
It lost 98% of its value in 2022 as investors worried about bankruptcy, CNBC reported. It then gained 1,000% in 2023.
When does Carvana report earnings?
Carvana will report third-quarter 2026 results after the market closes on October 28, 2026.
Sources
Last updated: October 25, 2026
Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy.
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This profile is for informational purposes only and reflects reporting available as of October 25, 2026, plus opinions shared on The Pomp Podcast. It is not investment advice. Do your own research before making any investment decision.
