ARIZONA NEWS

Valley-based Sprouts, Taylor Morrison, Carvana debut on Fortune 500

Jun 2, 2021, 2:44 PM | Updated: 9:58 pm

(Facebook Photos)...

(Facebook Photos)

(Facebook Photos)

PHOENIX – Three companies with metro Phoenix headquarters made their debuts Wednesday in the Fortune 500, a prestigious annual ranking of the country’s largest businesses.

Grocery chain Sprouts, home builder Taylor Morrison and online used car dealer Carvana brought Arizona’s Fortune 500 representation to eight, all from the Valley, for the 2021 edition.

The newcomers joined tech wholesaler Avnet (No. 168), mining giant Freeport-McMoRan (No. 215), waste management company Republic Services (No. 297), information technology specialist Insight (No. 360) and Magellan Health (No. 390).

Insight is headquartered in Tempe, and the other holdovers are in Phoenix.

Phoenix-based Sprouts led the debuts at No. 436, followed by Scottsdale-based Taylor Morrison at No. 452 and Tempe-based Carvana debuted at No. 483.

Carvana, which was founded in 2012 and is known for its vehicle “vending machine” towers, became one of the youngest companies to ever crack the Fortune 500, behind only Amazon and Google.

Two other Valley businesses, Microchip Technology and ON Semiconductors, landed just outside the top 500.

Walmart held onto the top spot in the 67th edition of the Fortune 500, with Amazon, Apple, CVS Health and UnitedHealth Group rounding out the top five.

The magazine’s annual rankings, first published in 1955, are based on annual revenues and include both public and private companies.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

The Arizona Attorney General's Office has settled with an air conditioning company that was making ...

KTAR.com

Arizona settles with air conditioning company over illegal telemarketing calls

The Arizona Attorney General's Office has settled with an air conditioning company that was making illegal telemarketing calls for four years.

6 hours ago

A child is dead in Gilbert after reportedly drowning in a pool at a local home. (Gilbert Police Dep...

KTAR.com

1-and-a-half-year-old child drowns in pool at Gilbert home

A child is dead in Gilbert after reportedly drowning in a pool at a home. The one-and-a-half year old was pronounced dead at the hospital.

8 hours ago

Seasonal visitor restrictions are now in effect at Banner Health facilities due to the increased ri...

Stephen Gugliociello

Banner Health facilities in Arizona restrict visitors due to flu concerns

Seasonal visitor restrictions are now in effect at Banner Health facilities due to the increased risk of flu and respiratory virus concerns.

10 hours ago

File photo of a sign near the beach at Puerto Peñasco, Mexico. Puerto Peñasco tourism screeched t...

Kevin Stone

Closure of Lukeville Port of Entry in Arizona devastating for Puerto Peñasco tourism

Puerto Peñasco tourism screeched to a halt Monday after U.S. border officials closed the main port of entry between Phoenix and the Mexican beach town.

12 hours ago

Mugshot of three men involved in a criminal street gang in Phoenix...

SuElen Rivera

Murder victim in Phoenix park allegedly mutilated by suspects with gang ties

Newly released information describes the gruesome details of the murder of a gay man at a Phoenix park last month allegedly orchestrated by local gang members.

13 hours ago

...

KTAR Video

Video: Sharper Point: New Go Safe act good first step for gun safety in Arizona, more can be done though

Sharper Point: New Go Safe act good first step for gun safety in Arizona, more can be done though. Video: Jeremy Schnell and Felisa Cárdenas/KTAR News  

14 hours ago

Sponsored Articles

(KTAR News Graphic)...

KTAR launches online holiday auction benefitting Boys & Girls Clubs of the Valley

KTAR is teaming up with The Boys & Girls Clubs of the Valley for a holiday auction benefitting thousands of Valley kids.

Follow @KTAR923...

The best ways to honor our heroes on Veterans Day and give back to the community

Veterans Day is fast approaching and there's no better way to support our veterans than to donate to the Military Assistance Mission.

...

SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.

Valley-based Sprouts, Taylor Morrison, Carvana debut on Fortune 500