Carvana makes Fortune 500, one of fastest in tech to do so, company says
Carvana, which launched a little more than eight years ago, has made its first appearance on the Fortune 500, and says it is one of the quickest tech companies to make the list.
In fact, the company said it made the list in the same amount of time as Facebook did.
“Based on organic growth alone, only Amazon and Google made it to the Fortune 500 faster,” Carvana said in a news release.
“Since day one, Carvana’s core values have guided our decisions. Through a constant focus on our customers, technology and innovation, we operate with shared core values, setting a new automotive retail standard for how customers should be treated: with care, honesty and respect,” Carvana founder and chief executive officer Ernie Garcia said in a news release.
“Our engine of growth is powered by amazing and ambitious people with boundless energy and discipline, who feel like they're part of something, who have chosen to care a little more than most, who learn and get a little better every day, and who have fun along the way,” Garcia said.
Others in the “Automotive Retailing, Services” industry category to crack the list included CarMax (No. 136), Penske Automotive Group (143), AutoNation (145), Lithia Motors (231), Group 1 Automotive (286), Sonic Automotive (308) and Asbury Automotive Group (405).
Avis Budget Group also made the list at No. 498, as did Camping World Holdings (496).
The Fortune 500 list also included several automakers, including Ford (No. 21), General Motors (22) and Tesla (100).
Readers of this publication might also recognize these names: Fiserv (205), Moody’s (500) and Uber Technologies (281), among others.
The full list can be found here.