Carvana jumped 63 spots on the Fortune 500—CFO explains what fueled the rise

Good morning. Conducting a turnaround and pivoting toward growth needs to be grounded in strategy, according to Carvana’s CFO Mark Jenkins.

Based in Tempe, Arizona, Carvana is an e-commerce platform for buying and selling used cars. The company landed at No. 314 on the Fortune 500 this year, up 63 spots from 2024. Carvana was founded in 2012 by Ernest Garcia (CEO), Ryan Keeton (chief brand officer), and Ben Huston (COO), and went public in 2017. Jenkins, a former finance professor at Wharton...