Mark Jenkins
Summary
Mark Jenkins has served as Carvana’s Chief Financial Officer since July 2014, overseeing finance during the company’s expansion, restructuring, and profitability efforts. ([investors.carvana.com](https://investors.carvana.com/corporate-governance/management-and-directors?utm_source=openai))
Biography
Jenkins joined Carvana as chief financial officer in July 2014 and is identified in the company’s filings as its principal financial officer. Before joining Carvana, he was a professor in the finance department at the Wharton School of the University of Pennsylvania from 2009 to 2014. His teaching and research focused on consumer and corporate credit markets, and he taught courses covering corporate restructuring, corporate credit, and leveraged finance. ([investors.carvana.com](https://investors.carvana.com/corporate-governance/management-and-directors?utm_source=openai)) Earlier, Jenkins worked at The Brattle Group from 2001 to 2004, focusing on corporate valuation and demand forecasting in technology markets. He earned a Ph.D. in economics from Stanford University and a B.S.E. in Mathematics and Civil Engineering from Duke University. Jenkins has been involved in Carvana’s financing, credit-market relationships, debt management, and financial strategy throughout the company’s major growth and turnaround phases. ([investors.carvana.com](https://investors.carvana.com/corporate-governance/management-and-directors?utm_source=openai))
Notable achievements
- Built a long tenure as Carvana’s finance chief, serving continuously since July 2014. ([investors.carvana.com](https://investors.carvana.com/corporate-governance/management-and-directors?utm_source=openai))
- Helped negotiate Carvana’s 2023 noteholder exchange, which reduced total debt by more than $1.2 billion and extended maturities. ([investors.carvana.com](https://investors.carvana.com/news-releases/2023/07-19-2023-113111747?utm_source=openai))
- The 2023 restructuring was designed to reduce required cash interest expense by more than $430 million annually for the following two years. ([investors.carvana.com](https://investors.carvana.com/news-releases/2023/07-19-2023-113111747?utm_source=openai))
- Supported Carvana’s shift from rapid expansion toward tighter purchasing, cost control, and improved profitability. ([investing.com](https://www.investing.com/news/stock-market-news/hindenburg-research-short-on-usedcar-retailer-carvana-3794249?utm_source=openai))
- Applied an academic and professional background in consumer credit, corporate finance, restructuring, valuation, and demand forecasting to Carvana’s financial operations. ([investors.carvana.com](https://investors.carvana.com/corporate-governance/management-and-directors?utm_source=openai))
Problem areas / controversies
- Jenkins has served as CFO during a period when Carvana accumulated substantial debt, faced deteriorating liquidity, and required a distressed debt restructuring. ([investing.com](https://www.investing.com/news/stock-market-news/carvana-enters-deal-with-noteholders-to-cut-debt-by-12-billion-3128760?utm_source=openai))
- Carvana’s financial results and financing model have faced criticism because they depend partly on selling automotive loans and maintaining access to credit markets. ([investors.carvana.com](https://investors.carvana.com/news-releases/2023/07-19-2023-113111747?utm_source=openai))
- Hindenburg Research alleged in January 2025 that Carvana used accounting practices and loan sales to inflate reported income; Carvana denied the allegations, and they were not established as findings of wrongdoing. ([investing.com](https://www.investing.com/news/stock-market-news/hindenburg-research-short-on-usedcar-retailer-carvana-3794249?utm_source=openai))
- Carvana continues to disclose litigation and regulatory disputes involving securities claims, consumer protection, and vehicle titling and registration; the company states that outcomes cannot be predicted with certainty. ([investors.carvana.com](https://investors.carvana.com/~/media/Files/C/Carvana-IR/documents/cvna-2025-annual-report.pdf?utm_source=openai))