Carvana launches internal tuition and education assistance program

PHOENIX, AZ — January 8, 2021 — Leading online auto retailer Carvana (NYSE: CVNA) has launched Carvana KEYS (Keeping Education in Your Sight) to assist team members pursuing the completion of an undergraduate degree. Thousands at Carvana can now apply to pursue financial and programmatic assistance in earning their college degrees with this internal initiative.

Working with InStride, the premier global provider of strategic enterprise education™ programs, Carvana KEYS will help minimize the financial and logistical burdens that can be barriers to completing an undergraduate degree. There is also the opportunity for those who may not be college-ready to start with an earned admission program to jumpstart their college career. All programs are offered online through InStride’s curated global network of academic partners.

“As a vertically integrated company, we have a myriad of jobs across industries, and recognize that there are numerous paths that lead to Carvana,” said Ernie Garcia, Carvana founder and CEO. “So we’re proud to support the diverse backgrounds, experience and talents of our teammates who have yet to complete – or pursue – a college degree with Carvana KEYS.”

Carvana is The New Way to Buy a Car®, providing customers with a national inventory of more than 20,000 vehicles that they can shop, finance and purchase, all in as little as 5 minutes from the comfort of home or on the go via their mobile device. Customers can also trade-in or sell their vehicle to Carvana by providing the VIN or plate number, answering a few questions, then get a real offer in just two minutes.

“Carvana is recognized for the innovative and creative way it is disrupting the traditional car-buying process,” said Vivek Sharma, CEO of InStride. “We’re pleased that they are showing the same initiative when it comes to creating a future-ready workforce with the Carvana KEYS program and we’re proud to work with them on this endeavor.”

InStride has agreements with a curated network of quality academic institutions in the United States, Latin America, Australia and Europe, including Arizona State University (ASU), City University of New York (CUNY), Harvard Business School Online, the University of Wisconsin and the University of Washington.