CVNA

SEC source: 0001690820-18-000084 · wf-form4_153696424155846.xml · nonDerivative · entry 2

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,660

F2 · shares: Represents withholdings by the Issuer to cover withholding taxes in connection with the vesting of restricted stock units.

SEC source: 0001690820-18-000086 · wf-form4_153696431885723.xml · nonDerivative · entry 2

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,233

F2 · shares: Represents withholdings by the Issuer to cover withholding taxes in connection with the vesting of restricted stock units.

SEC source: 0001690820-18-000083 · wf-form4_153696420622502.xml · nonDerivative · entry 2

MCKEON JOHN T. · CIK 0001700678 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 293

F2 · shares: Represents withholdings by the Issuer to cover withholding taxes in connection with the vesting of restricted stock units.

SEC source: 0001690820-18-000085 · wf-form4_153696428393491.xml · nonDerivative · entry 2

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,660

F2 · shares: Represents withholdings by the Issuer to cover withholding taxes in connection with the vesting of restricted stock units.

SEC source: 0001690820-18-000087 · wf-form4_153696435677767.xml · nonDerivative · entry 2

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,233

F2 · shares: Represents withholdings by the Issuer to cover withholding taxes in connection with the vesting of restricted stock units.

SEC source: 0001144204-18-049718 · tv502934_form4.xml · derivative · entry 6

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 60,000

Underlying: Class A Common Stock · 253,877 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: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · derivative.exercise_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_date: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · derivative.expiration_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.expiration_date: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · derivative.underlying_shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.underlying_shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049718 · tv502934_form4.xml · nonDerivative · entry 3

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 580,599

F1 · kind: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · kind: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049718 · tv502934_form4.xml · nonDerivative · entry 2

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 326,722

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.00 to $63.50, inclusive.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049393 · tv502797_form4.xml · nonDerivative · entry 4

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 118,967

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.02 to $66.35, inclusive.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001690820-18-000084 · wf-form4_153696424155846.xml · nonDerivative · entry 1

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,705

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vested on September 14, 2018.

SEC source: 0001690820-18-000086 · wf-form4_153696431885723.xml · nonDerivative · entry 1

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,278

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vested on September 14, 2018.

SEC source: 0001690820-18-000083 · wf-form4_153696420622502.xml · nonDerivative · entry 1

MCKEON JOHN T. · CIK 0001700678 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 346

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vested on September 14, 2018.

SEC source: 0001690820-18-000085 · wf-form4_153696428393491.xml · nonDerivative · entry 1

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,705

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vested on September 14, 2018.

SEC source: 0001690820-18-000087 · wf-form4_153696435677767.xml · nonDerivative · entry 1

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,278

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vested on September 14, 2018.

SEC source: 0001144204-18-049718 · tv502934_form4.xml · derivative · entry 5

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 65,000

Underlying: Class A Common Stock · 507,755 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: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · derivative.exercise_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_date: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · derivative.expiration_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.expiration_date: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · derivative.underlying_shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.underlying_shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049718 · tv502934_form4.xml · nonDerivative · entry 1

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 626,722

F1 · kind: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · kind: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,755 shares of Common Stock on September 13, 2018, and 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 14, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049393 · tv502797_form4.xml · derivative · entry 6

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 75,000

Underlying: Class A Common Stock · 507,755 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: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · derivative.exercise_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_date: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · derivative.expiration_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.expiration_date: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · derivative.underlying_shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.underlying_shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049393 · tv502797_form4.xml · nonDerivative · entry 3

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 641,180

F1 · kind: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · kind: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049393 · tv502797_form4.xml · nonDerivative · entry 2

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 133,425

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.00 to $72.59, inclusive.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001690820-18-000077 · wf-form4_153684115209040.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: 32,485

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 September 12, 2018, by and between the Issuer and the Reporting Person.

SEC source: 0001144204-18-049182 · tv502470_form4.xml · nonDerivative · entry 2

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 0

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.92 to $71.24, inclusive.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049393 · tv502797_form4.xml · derivative · entry 5

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 85,000

Underlying: Class A Common Stock · 507,754 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: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · derivative.exercise_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_date: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · derivative.expiration_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.expiration_date: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · derivative.underlying_shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.underlying_shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049393 · tv502797_form4.xml · nonDerivative · entry 1

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 507,754

F1 · kind: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · kind: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049182 · tv502470_form4.xml · derivative · entry 3

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 95,000

Underlying: Class A Common Stock · 253,877 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: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_price: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F1 · derivative.exercise_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.exercise_date: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F1 · derivative.expiration_date: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.expiration_date: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F1 · derivative.underlying_shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · derivative.underlying_shares: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001144204-18-049182 · tv502470_form4.xml · nonDerivative · entry 1

DDFS Partnership LP · CIK 0001725169 · 10% owner

DDFS Management Co LLC · CIK 0001725762 · 10% owner

Dundon Thomas G. · CIK 0001518314 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 253,877

F1 · kind: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · kind: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F1 · shares: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · shares: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F1 · price: The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.

F2 · price: The Reporting Persons exercised their option to convert 5,000 shares of Preferred Stock into 253,877 shares of Common Stock on September 10, 2018.

F3 · ownership.nature: Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.

F4 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.

SEC source: 0001690820-18-000059 · wf-form4_153306885925002.xml · derivative · entry 2

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,190

Underlying: Class A Common Stock · 13,190 shares

Expires 2028-07-28

F2 · derivative.exercise_date: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000059 · wf-form4_153306885925002.xml · nonDerivative · entry 1

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,540

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000058 · wf-form4_153306882603790.xml · derivative · entry 2

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,989

Underlying: Class A Common Stock · 14,989 shares

Expires 2028-07-28

F2 · derivative.exercise_date: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000058 · wf-form4_153306882603790.xml · nonDerivative · entry 1

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,113

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000057 · wf-form4_153306879717904.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,988

Underlying: Class A Common Stock · 15,988 shares

Expires 2028-07-28

F4 · derivative.exercise_date: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000057 · wf-form4_153306879717904.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: 197,320

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000061 · wf-form4_153306893303552.xml · derivative · entry 2

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,190

Underlying: Class A Common Stock · 13,190 shares

Expires 2028-07-28

F2 · derivative.exercise_date: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000061 · wf-form4_153306893303552.xml · nonDerivative · entry 1

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,540

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000060 · wf-form4_153306889446748.xml · derivative · entry 2

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,989

Underlying: Class A Common Stock · 14,989 shares

Expires 2028-07-28

F2 · derivative.exercise_date: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000060 · wf-form4_153306889446748.xml · nonDerivative · entry 1

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,113

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000056 · wf-form4_153306876613835.xml · derivative · entry 2

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,190

Underlying: Class A Common Stock · 13,190 shares

Expires 2028-07-28

F2 · derivative.exercise_date: The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0001690820-18-000056 · wf-form4_153306876613835.xml · nonDerivative · entry 1

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,540

F1 · shares: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

F1 · price: Represents shares of Class A Common Stock of Carvana Co. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. The restricted stock units vest 25% on April 1, 2019 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

SEC source: 0000899243-18-013064 · doc4.xml · derivative · 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 · See Footnote

Disclosed balance after: 4,336,765

Underlying: Class A Common Stock · 1,650,000 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.

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. ("DriveTime"), 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. ("DriveTime"), 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. ("DriveTime"), of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F9 · ownership.nature: These Class A Units are owned directly by DriveTime Sales and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.

SEC source: 0000899243-18-013064 · 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 · See Footnote

Disclosed balance after: 4,336,765

F6 · 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: 0000899243-18-013064 · 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 · See Footnote

Disclosed balance after: 0

F2 · ownership.nature: Reflects the sale of Class A Shares by DriveTime Sales in an underwritten, registered offering of the Issuer, pursuant to an Underwriting Agreement dated as of April 25, 2018, among the Issuer, Carvana Group, and the other signatories party thereto, and the Second Amended and Restated Registration Rights Agreement, dated April 27, 2017, by and among the Issuer, Carvana Group and the other signatories party thereto.

SEC source: 0000899243-18-013064 · 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 · See Footnote

Disclosed balance after: 1,650,000

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 · ownership.nature: 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. ("DriveTime"), of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0000899243-18-011187 · doc4.xml · derivative · 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 · See footnote

Disclosed balance after: 5,986,765

Underlying: Class A Common Stock · 3,425,000 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.

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. ("DriveTime"), 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. ("DriveTime"), 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. ("DriveTime"), of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

F9 · ownership.nature: These Class A Units are owned directly by DriveTime Sales and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.

SEC source: 0000899243-18-011187 · 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 · See footnote

Disclosed balance after: 5,986,765

F6 · 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: 0000899243-18-011187 · 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 · See footnote

Disclosed balance after: 0

F2 · ownership.nature: Reflects the sale of Class A Shares by DriveTime Sales in an underwritten, registered offering of the Issuer, pursuant to an underwriting agreement dated as of April 25, 2018, among the Issuer, Carvana Group, and the other signatories party thereto, and the Second Amended and Restated Registration Rights Agreement, dated April 27, 2017, by and among the Issuer, Carvana Group and the other signatories party thereto.

SEC source: 0000899243-18-011187 · 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 · See footnote

Disclosed balance after: 3,425,000

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 · ownership.nature: 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. ("DriveTime"), of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.

SEC source: 0000899243-18-011135 · doc4.xml · nonDerivative · entry 1

CVAN Holdings LLC · CIK 0001705079 · 10% owner

Delaware Life Holdings Parent, LLC · CIK 0001705178 · 10% owner

Delaware Life Holdings Parent II, LLC · CIK 0001705179 · 10% owner

Delaware Life Holdings Manager, LLC · CIK 0001705180 · 10% owner

Walter Mark · CIK 0001705117 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 500,000

F1 · kind: On April 30, 2018, CVAN Holdings, LLC ("CVAN") sold 500,000 shares of Class A common stock, par value $0.001 per share, of the Issuer ("Class A Common Stock") pursuant to an underwriting agreement, dated as of April 25, 2018, by and among the Issuer, Carvana Group, LLC, CVAN and each of the other selling stockholders of the Issuer named therein (the "Selling Stockholders"), and Wells Fargo Securities, LLC and Citigroup Global Markets Inc., as representatives for the each of the underwriters named therein, in connection with a follow-on public offering by the Issuer and the Selling Stockholders.

F1 · shares: On April 30, 2018, CVAN Holdings, LLC ("CVAN") sold 500,000 shares of Class A common stock, par value $0.001 per share, of the Issuer ("Class A Common Stock") pursuant to an underwriting agreement, dated as of April 25, 2018, by and among the Issuer, Carvana Group, LLC, CVAN and each of the other selling stockholders of the Issuer named therein (the "Selling Stockholders"), and Wells Fargo Securities, LLC and Citigroup Global Markets Inc., as representatives for the each of the underwriters named therein, in connection with a follow-on public offering by the Issuer and the Selling Stockholders.

F2 · price: This amount represents the $27.50 public offering price per share of Class A Common Stock less underwriting discounts and commissions.

F3 · balance_after: CVAN is a wholly-owned subsidiary of Delaware Life Holdings Parent, LLC ("Parent I"). Parent I is a wholly-owned subsidiary of Delaware Life Holdings Parent II, LLC ("Parent II"). Each of Parent I and Parent II is managed by Delaware Life Holdings Manager, LLC ("Manager") and each of Parent II and Manager is controlled by Mr. Mark Walter ("Mr. Walter"). Each of Parent I, Parent II, Manager and Mr. Walter may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of some or all of the shares owned by CVAN.

SEC source: 0001690820-18-000020 · wf-form4_152529907759077.xml · derivative · entry 3

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 862,500

Underlying: Class A Common Stock · 110,000 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 $0.00. The Class B Units have no expiration date.

F1 · kind: On April 30, 2018, the Reporting Person exchanged 137,500 Class B common units of Carvana Group, LLC ("Class B Units") for 110,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "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"). The Reporting Person immediately sold the 110,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

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 (as defined in the Exchange Agreement) less the applicable participation threshold 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 $0.00. The Class B Units have no expiration date.

F3 · price: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F3 · derivative.exercise_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F3 · derivative.expiration_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · balance_after: The Reporting Person was granted 1,000,000 Class B Units on March 24, 2015 with a participation threshold of $0.00; 200,000 of which vested on July 1, 2015 and 16,667 of which vest on the first of each month beginning August 1, 2015.

SEC source: 0001690820-18-000020 · wf-form4_152529907759077.xml · nonDerivative · entry 2

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: On April 30, 2018, the Reporting Person exchanged 137,500 Class B common units of Carvana Group, LLC ("Class B Units") for 110,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "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"). The Reporting Person immediately sold the 110,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

F1 · price: On April 30, 2018, the Reporting Person exchanged 137,500 Class B common units of Carvana Group, LLC ("Class B Units") for 110,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "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"). The Reporting Person immediately sold the 110,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

SEC source: 0001690820-18-000020 · wf-form4_152529907759077.xml · nonDerivative · entry 1

JENKINS MARK W. · CIK 0001700540 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 110,000

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 April 30, 2018, the Reporting Person exchanged 137,500 Class B common units of Carvana Group, LLC ("Class B Units") for 110,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "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"). The Reporting Person immediately sold the 110,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

F1 · price: On April 30, 2018, the Reporting Person exchanged 137,500 Class B common units of Carvana Group, LLC ("Class B Units") for 110,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "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"). The Reporting Person immediately sold the 110,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

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 (as defined in the Exchange Agreement) less the applicable participation threshold multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.

SEC source: 0001690820-18-000024 · wf-form4_152529918332840.xml · derivative · entry 3

GILL DANIEL J. · CIK 0001700538 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 662,500

Underlying: Class A Common Stock · 110,000 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 $0.00. The Class B Units have no expiration date.

F1 · kind: On April 30, 2018, the Reporting Person exchanged 137,500 Class B common units of Carvana Group, LLC ("Class B Units") for 110,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "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"). The Reporting Person immediately sold the 110,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

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 (as defined in the Exchange Agreement) less the applicable participation threshold 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 $0.00. The Class B Units have no expiration date.

F3 · price: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F3 · derivative.exercise_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F3 · derivative.expiration_date: The exchanged Class B Units have a participation threshold of $0.00. The Class B Units have no expiration date.

F4 · balance_after: The Reporting Person was granted 800,000 Class B Units on March 24, 2015 with a participation threshold of $0.00; 160,000 of which vested on March 1, 2016 and 13,334 of which vest on the first of each month beginning April 1, 2016.