Transcript
Introduction
Patrick
My guest today is Ernie Garcia III. Ernie is the co-founder and CEO of Carvana. Ernie joined me on this show in 2021, and despite all that the business has gone through since that conversation, you'll hear how he has the exact same demeanor and crystal-clear vision for the business and its operations today.
Carvana is one of the most remarkable business turnaround stories in recent history, and Ernie gives us a raw and candid explanation of navigating through a 99% stock price decline and ultimately emerging stronger on the other side. I don't know many leaders who could survive this. He credits his team again and again for successfully weathering the storm and maintaining morale.
We discussed leading through a crisis, building for the long term, and a focus on ruthless prioritization and efficiency gains. Please enjoy my conversation with Ernie Garcia.