CVNA

SEC source: 0001690820-18-000123 · wf-form4_154216021519379.xml · derivative · entry 3

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 846,250

Underlying: Class A Common Stock · 13,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · kind: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · kind: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · kind: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · shares: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · shares: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · price: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · derivative.exercise_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · derivative.expiration_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · derivative.underlying_shares: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · derivative.underlying_shares: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · derivative.underlying_shares: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F5 · balance_after: The Reporting Person was granted 1,000,000 Class B Units on March 24, 2015 with a participation threshold of $0.000; 200,000 of which vested on July 1, 2015 and 16,667 of which vest on the first of each month thereafter.

SEC source: 0001690820-18-000123 · wf-form4_154216021519379.xml · nonDerivative · entry 2

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,233

F1 · kind: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F3 · price: This transaction was executed in multiple trades at prices ranging from $50.00 to $50.36, inclusive; the price reported above reflects the volume weighted average sale price.

SEC source: 0001690820-18-000123 · wf-form4_154216021519379.xml · nonDerivative · entry 1

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,233

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · price: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

SEC source: 0001690820-18-000125 · wf-form4_154216027038365.xml · derivative · entry 3

MCKEON JOHN T. · CIK 0001700678 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,567

Underlying: Class A Common Stock · 1,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.

F1 · kind: On November 9, 2018, the Reporting Person sold the 1,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 1,433 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · kind: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F3 · kind: The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.

F1 · shares: On November 9, 2018, the Reporting Person sold the 1,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 1,433 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F3 · shares: The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.

F3 · price: The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.

F3 · derivative.exercise_date: The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.

F3 · derivative.expiration_date: The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.

F1 · derivative.underlying_shares: On November 9, 2018, the Reporting Person sold the 1,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 1,433 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · derivative.underlying_shares: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F3 · derivative.underlying_shares: The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.

F4 · balance_after: The Reporting Person was granted 10,000 Class B Units on December 30, 2015 with a participation threshold of $4.878; 2,000 of which vested on March 23, 2016 and 167 of which vest on the first of each month thereafter. The Reporting Person was also granted 10,000 Class B Units on January 29, 2016 with a participation threshold of $4.878; 2,000 of which vested on January 1, 2017 and 167 of which vest on the first of each month thereafter.

SEC source: 0001690820-18-000125 · wf-form4_154216027038365.xml · nonDerivative · entry 2

MCKEON JOHN T. · CIK 0001700678 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 293

F1 · kind: On November 9, 2018, the Reporting Person sold the 1,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 1,433 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 1,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 1,433 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

SEC source: 0001690820-18-000125 · wf-form4_154216027038365.xml · nonDerivative · entry 1

MCKEON JOHN T. · CIK 0001700678 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,293

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On November 9, 2018, the Reporting Person sold the 1,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 1,433 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 1,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 1,433 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · price: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

SEC source: 0001690820-18-000121 · wf-form4_154216015187395.xml · nonDerivative · entry 1

GARCIA ERNEST C. III · CIK 0001700548 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,087

F1 · shares: The reported shares were contributed to the Issuer to fund restricted stock unit awards to employees of Carvana, LLC under the Issuer's 2017 Omnibus Incentive Plan at no charge to Issuer, pursuant to a Contribution Agreement dated November 6, 2018, by and between the Issuer and the Reporting Person.

F2 · shares: On November 6, 2018, 14,534 of the reported shares were transferred to the Reporting Person from the direct holdings of the Ernest Irrevocable 2004 Trust III (the "Trust"). The Reporting Person is the Co-Administrative Trustee and Co-Investment Trustee of the Trust and therefore shares voting and dispositive power over the stock held directly by the Trust.

SEC source: 0001690820-18-000124 · wf-form4_154216024139736.xml · derivative · entry 3

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 381,250

Underlying: Class A Common Stock · 10,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · kind: On November 9, 2018, the Reporting Person sold the 10,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · kind: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · kind: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · shares: On November 9, 2018, the Reporting Person sold the 10,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · shares: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · price: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · derivative.exercise_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · derivative.expiration_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · derivative.underlying_shares: On November 9, 2018, the Reporting Person sold the 10,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · derivative.underlying_shares: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · derivative.underlying_shares: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F5 · balance_after: The Reporting Person was granted 500,000 Class B common units ("Class B Units") of Carvana Group, LLC ("Carvana Group") on March 24, 2015 with a participation threshold of $0.00; 125,000 vested on the grant date and 8,333 vest on the first of each month thereafter.

SEC source: 0001690820-18-000124 · wf-form4_154216024139736.xml · nonDerivative · entry 2

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,660

F1 · kind: On November 9, 2018, the Reporting Person sold the 10,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 10,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F3 · price: This transaction was executed in multiple trades at prices ranging from $50.00 to $50.35, inclusive; the price reported above reflects the volume weighted average sale price.

SEC source: 0001690820-18-000124 · wf-form4_154216024139736.xml · nonDerivative · entry 1

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,660

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On November 9, 2018, the Reporting Person sold the 10,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · acquired: On November 9, 2018, the Reporting Person sold the 10,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 12,500 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · acquired: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

SEC source: 0001690820-18-000122 · wf-form4_154216018433675.xml · derivative · entry 3

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 846,250

Underlying: Class A Common Stock · 13,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · kind: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · kind: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · kind: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · shares: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · shares: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · price: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · derivative.exercise_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · derivative.expiration_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F1 · derivative.underlying_shares: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · derivative.underlying_shares: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F4 · derivative.underlying_shares: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F5 · balance_after: The Reporting Person was granted 1,000,000 Class B common units ("Class B Units") of Carvana Group, LLC ("Carvana Group") on March 24, 2015 with a participation threshold of $0.00; 250,000 vested on the grant date and 16,667 vest on the first of each month thereafter.

SEC source: 0001690820-18-000122 · wf-form4_154216018433675.xml · nonDerivative · entry 2

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,233

F1 · kind: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F3 · price: This transaction was executed in multiple trades at prices ranging from $50.00 to $50.30, inclusive; the price reported above reflects the volume weighted average sale price.

SEC source: 0001690820-18-000122 · wf-form4_154216018433675.xml · nonDerivative · entry 1

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,233

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 13,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 16,250 Class B common units of Carvana Group, LLC ("Class B Units") for 13,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · price: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

SEC source: 0001690820-19-000053 · wf-form4a_155433500166447.xml · nonDerivative · entry 2

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,540

F1 · kind: On November 9, 2018, the Reporting Person sold the 7,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 10,031 Class B common units of Carvana Group, LLC ("Class B Units") for 7,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 7,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 10,031 Class B common units of Carvana Group, LLC ("Class B Units") for 7,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F4 · price: This transaction was executed in multiple trades at prices ranging from $50.00 to $50.24, inclusive; the price reported above reflects the volume weighted average sale price.

F3 · balance_after: This Form 4 amends a Form 4 for the reporting person dated November 13, 2018, which due to technical issues relating to third-party filing software used to complete the filing, incorrectly reported the amounts in Column 5 of Table I. Only those amounts have been changed in this amendment.

SEC source: 0001690820-19-000053 · wf-form4a_155433500166447.xml · nonDerivative · entry 1

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,540

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On November 9, 2018, the Reporting Person sold the 7,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 10,031 Class B common units of Carvana Group, LLC ("Class B Units") for 7,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F1 · price: On November 9, 2018, the Reporting Person sold the 7,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 20, 2018. The Reporting Person acquired the Class A Common Stock on November 9, 2018 by exchanging 10,031 Class B common units of Carvana Group, LLC ("Class B Units") for 7,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").

F2 · price: The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

F3 · balance_after: This Form 4 amends a Form 4 for the reporting person dated November 13, 2018, which due to technical issues relating to third-party filing software used to complete the filing, incorrectly reported the amounts in Column 5 of Table I. Only those amounts have been changed in this amendment.

SEC source: 0001209191-18-058381 · doc4.xml · derivative · entry 19

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 4,216,572

Underlying: Class A Common Stock · 175,350 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 14

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 3,373,263

F7 · ownership.nature: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by DriveTime Sales.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 10

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $49.93 to $50.92, inclusive (weighted average of $50.5407); $50.93 to $51.92, inclusive (weighted average of $51.4198); $51.94 to $52.93, inclusive (weighted average of $52.5119); $52.94 to $53.93, inclusive (weighted average of $53.4538) and $53.94 to $54.73, inclusive (weighted average of $54.2031), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 9

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 14,220

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $49.93 to $50.92, inclusive (weighted average of $50.5407); $50.93 to $51.92, inclusive (weighted average of $51.4198); $51.94 to $52.93, inclusive (weighted average of $52.5119); $52.94 to $53.93, inclusive (weighted average of $53.4538) and $53.94 to $54.73, inclusive (weighted average of $54.2031), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 8

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 55,251

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $49.93 to $50.92, inclusive (weighted average of $50.5407); $50.93 to $51.92, inclusive (weighted average of $51.4198); $51.94 to $52.93, inclusive (weighted average of $52.5119); $52.94 to $53.93, inclusive (weighted average of $53.4538) and $53.94 to $54.73, inclusive (weighted average of $54.2031), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 7

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 94,077

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $49.93 to $50.92, inclusive (weighted average of $50.5407); $50.93 to $51.92, inclusive (weighted average of $51.4198); $51.94 to $52.93, inclusive (weighted average of $52.5119); $52.94 to $53.93, inclusive (weighted average of $53.4538) and $53.94 to $54.73, inclusive (weighted average of $54.2031), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 6

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 156,588

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $49.93 to $50.92, inclusive (weighted average of $50.5407); $50.93 to $51.92, inclusive (weighted average of $51.4198); $51.94 to $52.93, inclusive (weighted average of $52.5119); $52.94 to $53.93, inclusive (weighted average of $53.4538) and $53.94 to $54.73, inclusive (weighted average of $54.2031), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 5

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 175,350

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 4

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 161,130

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 3

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 120,099

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 2

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 81,273

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-058381 · doc4.xml · nonDerivative · entry 1

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 18,762

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057811 · doc4.xml · derivative · entry 19

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 4,435,760

Underlying: Class A Common Stock · 116,369 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 13

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 3,548,613

F8 · ownership.nature: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by DriveTime Sales.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 8

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F4 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.98, inclusive (weighted average of $45.3351) and $46.00 to $46.46, inclusive (weighted average of $46.2243), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 7

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 22,390

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 6

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F4 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.98, inclusive (weighted average of $45.3351) and $46.00 to $46.46, inclusive (weighted average of $46.2243), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 5

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 93,979

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057811 · doc4.xml · derivative · entry 18

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 4,581,222

Underlying: Class A Common Stock · 75,027 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 12

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 3,664,982

F8 · ownership.nature: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by DriveTime Sales.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 10

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Ernest Irrevocable 2004 Trust III

Disclosed balance after: 85,466

F6 · shares: These Class A Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has shared investment and dispository power over the 2004 Trust assets and Mr. Garcia's son, Ernie Garcia, III, is the sole beneficiary of the 2004 Trust. On November 6, 2018, the 2004 Trust distributed 14,534 shares of Class A Common Stock to the sole beneficiary.

F6 · ownership.nature: These Class A Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has shared investment and dispository power over the 2004 Trust assets and Mr. Garcia's son, Ernie Garcia, III, is the sole beneficiary of the 2004 Trust. On November 6, 2018, the 2004 Trust distributed 14,534 shares of Class A Common Stock to the sole beneficiary.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 4

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.99, inclusive (weighted average of $45.2417) and $46.00 to $46.03, inclusive (weighted average of $46.01), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 3

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 300

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 2

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.99, inclusive (weighted average of $45.2417) and $46.00 to $46.03, inclusive (weighted average of $46.01), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-057811 · doc4.xml · nonDerivative · entry 1

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 74,727

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057275 · doc4.xml · derivative · entry 17

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 4,675,006

Underlying: Class A Common Stock · 79,406 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057275 · doc4.xml · nonDerivative · entry 11

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 3,740,009

F8 · ownership.nature: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by DriveTime Sales.

SEC source: 0001209191-18-057275 · doc4.xml · nonDerivative · entry 6

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F4 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.99, inclusive (weighted average of $45.3575) and $45.00 to $46.73, inclusive (weighted average of $46.2905), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-057275 · doc4.xml · nonDerivative · entry 5

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 25,451

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057275 · doc4.xml · nonDerivative · entry 4

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F4 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.99, inclusive (weighted average of $45.3575) and $45.00 to $46.73, inclusive (weighted average of $46.2905), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-057275 · doc4.xml · nonDerivative · entry 3

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 53,955

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057275 · doc4.xml · derivative · entry 16

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 4,774,264

Underlying: Class A Common Stock · 6,848 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.exercise_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F1 · derivative.expiration_date: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0001209191-18-057275 · doc4.xml · nonDerivative · entry 10

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 3,819,415

F8 · ownership.nature: Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by DriveTime Sales.

SEC source: 0001209191-18-057275 · doc4.xml · nonDerivative · entry 2

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 0

F2 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by DriveTime Sales on September 17, 2018.

F3 · price: The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $45.00 to $45.02, inclusive (weighted average of $45.0010). The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

SEC source: 0001209191-18-057275 · doc4.xml · nonDerivative · entry 1

GARCIA ERNEST C. II · CIK 0001017608 · 10% owner

VERDE INVESTMENTS, INC. · CIK 0001704727 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · DriveTime Sales and Finance Company

Disclosed balance after: 6,848

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.