Ernest Garcia Ii Net Worth

In 2002 the company was renamed to DriveTime which went on to have more than 140 locations in the U.S. with about 3,800 employees. The spinoff company Carvana was founded in 2012 as an online used car retailer. Ernest Garcia, II serves as the Chairman and his son Ernest Garcia, III is the CEO. Other spinoff companies of DriveTime include GO Financial, Bridgecrest Acceptance Corporation, and SilverRock Group Inc.