Garcia declined to comment for this story. But other large financial players have bought into Garcia’s latest stock market play and keep providing it with fresh cash injections. Wall Street short sellers are betting big that the stock will collapse. It also lost $57 million in the first three quarters of 2017 and is burning through cash, forcing it to continue raising money. With revenues of $594 million in the first nine months of 2017, up 130% from the same period last year, Carvana is growing fast. Carvana also has eight glass tower vending machines that are as high as eight stories located in cities like Atlanta and Houston, where customers can inspect and pick up purchased used cars. Consumers can use its web site to buy used cars, obtain financing and arrange for vehicle delivery. With Garcia’s son, Garcia III, as CEO, Carvana has been promoted as the “Amazon of cars,” a Phoenix-based technology platform for buying and selling used cars. With shares of Carvana up 46% since its April IPO, Garcia’s stake in Carvana alone is worth $1.5 billion. DriveTime, which sells used cars and is in the sometimes-controversial business of making auto loans to low-income consumers, has seen its business grow 19% annually in the last decade. Forbes estimates his net worth at $2.5 billion. You are also helping the children in communities across America.Incredibly, Garcia himself is now a billionaire. Medical need in order to help them lead productive lives. Profits goes to care for children in educational, financial, social, and We Give Back to the CommunityĪre a proud sponsor of Speedway Children's Charities. Your trade, even if you choose not to buy a car from us. Rates when you sell your car to us in Long Beach. We are a convenient 30-minute drive from Garden Grove, allowing us to provide a top-notch pre-owned selection across the county. Largest BMW CPO inventories in California. Take home a like-new luxury car for less by browsing one of the The perfect BMW, we can build it for you! We Are Your Certified Pre-OwnedĬonfidence comes standard in a certified pre-owned BMW. Your dreams in Long Beach through our Customization Center. Visit us to experience the new BMW iX all-electric SUV or the new BMW i4 and i7 all-electric sedans. You spend less, drive more, and ultimately stress less in the BMW buyingĮmbracing the electric future of BMW by offering charging stations and the We put Long Beach shoppers in theĭriver's seat with an innovative way to buy. The sale, but they can help guide you to your dream BMW found in our showroom We're in it 'For The Thrill Of The Drive' by visiting our BMW dealership, Used inventory, or a BMW Certified vehicle from our CPO collection. Vehicles, whether you're purchasing a new BMW, a pre-owned vehicle from our Long Beach BMW offers an innovative way to buy luxury Seven-passenger BMW X5 SUV will let Long Beach families explore the Pacific New BMW PHEVs will appeal to OrangeĬounty commuters, while new BMW Sport Activity Vehicles like the Long Beach in our new BMW 2 Series luxury coupes. Meet M Series models for high-performance driving machines, or cruise through Our world-class showroom in Long Beach is your BMWĭestination, displaying a variety of coupes, convertibles, sedans, and SUVs. To get the very best out of your Ultimate Driving Machine. Get introduced to BMW, a world class-brand, in Long Beach, where experts on our enthusiastic staff work Premium cars along the Pacific Ocean coastline. Because powerful performance isĪt the heart of everything we do, Long Beach BMW is the primary home for Waterfront or zip through downtown Los Angeles. Can discover the thrill of the drive while they cruise along the Long Beach
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