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Fortune
Fortune
Sheryl Estrada

Carvana’s CFO says a 3-step strategy restored growth and profitability

Carvana Mark Jenkins Ernie Garcia
a car vending machine with a city skyline behind it (Credit: Courtesy of Carvana)

Good morning. Modern CFOs are informing and driving strategy. For Carvana’s CFO Mark Jenkins, that meant tapping into his own experience as a professor to help build a strategic turnaround for the company, which met economic headwinds amid a meteoric rise. 

Based in Tempe, Ariz., Carvana, a Fortune 500 company, is an e-commerce platform for buying and selling used cars. Since the start of 2023, Carvana's stock price increased more than 3,000%, making a turnaround following tumultuous times in 2022. 

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