CVNA

SEC source: 0001690820-18-000024 · wf-form4_152529918332840.xml · nonDerivative · entry 2

GILL DANIEL J. · CIK 0001700538 · Chief Product 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: 0001690820-18-000024 · wf-form4_152529918332840.xml · nonDerivative · entry 1

GILL DANIEL J. · CIK 0001700538 · Chief Product 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: 0001690820-18-000025 · wf-form4_152529920085621.xml · derivative · entry 4

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 254,470

Underlying: Class A Common Stock · 5,000 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 April 30, 2018, the Reporting Person exchanged 8,030 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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 5,000 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 $4.878. The Class B Units have no expiration date.

F1 · shares: On April 30, 2018, the Reporting Person exchanged 8,030 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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 5,000 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 · 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 (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 · 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 April 30, 2018, the Reporting Person exchanged 8,030 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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 5,000 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 · 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 (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 · 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 250,000 Class B Units on December 30, 2015 with a participation threshold of $4.878; 50,000 of which vested on August 3, 2016 and 4,167 of which vest on the first of each month beginning September 1, 2016. The Reporting Person was also granted 12,500 Class B Units on January 29, 2016 with a participation threshold of $4.878; 2,500 of which vested on August 3, 2016 and 209 of which vest on the first of each month beginning September 1, 2016.

SEC source: 0001690820-18-000025 · wf-form4_152529920085621.xml · nonDerivative · entry 3

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,030

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.

SEC source: 0001690820-18-000025 · wf-form4_152529920085621.xml · nonDerivative · entry 2

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: On April 30, 2018, the Reporting Person exchanged 8,030 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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 5,000 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 8,030 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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 5,000 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: 0001690820-18-000025 · wf-form4_152529920085621.xml · nonDerivative · entry 1

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,000

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 8,030 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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 5,000 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 8,030 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 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 5,000 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: 0001690820-18-000023 · wf-form4_152529916633230.xml · derivative · entry 3

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating 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 Statementon 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; 250,000 of which vested on the grant date and 16,667 of which vest on the first of each month beginning April 1, 2015.

SEC source: 0001690820-18-000023 · wf-form4_152529916633230.xml · nonDerivative · entry 2

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating 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 Statementon 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 Statementon Form S-1 (File No. 333-224404).

SEC source: 0001690820-18-000023 · wf-form4_152529916633230.xml · nonDerivative · entry 1

HUSTON BENJAMIN E. · CIK 0001700537 · Chief Operating 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 Statementon 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 Statementon 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: 0001690820-18-000022 · wf-form4_152529910867990.xml · derivative · entry 6

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 330,548

Underlying: Class A Common Stock · 55,000 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.

F2 · derivative.exercise_price: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F1 · shares: On April 30, 2018, the Reporting Person exchanged 68,750 Class A common units of Carvana Group, LLC ("Class A Units") for 55,000 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 55,000 shares of Class A Common Stock acquired upon conversion of the Class A Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

F2 · shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F2 · price: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F2 · derivative.exercise_date: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F2 · derivative.expiration_date: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F1 · derivative.underlying_shares: On April 30, 2018, the Reporting Person exchanged 68,750 Class A common units of Carvana Group, LLC ("Class A Units") for 55,000 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 55,000 shares of Class A Common Stock acquired upon conversion of the Class A Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

F2 · derivative.underlying_shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F6 · ownership.nature: These Class A Units are owned directly by GV Auto, an entity in which the Reporting Person is a member, and represent the Reporting Person's pro rata membership interest in GV Auto.

SEC source: 0001690820-18-000022 · wf-form4_152529910867990.xml · nonDerivative · entry 5

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 264,438

F2 · kind: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F4 · kind: These shares of Class B Common Stock were cancelled for no consideration upon the exchange of the Class A Units for shares of Class A Common Stock of the Issuer.

F2 · price: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F4 · price: These shares of Class B Common Stock were cancelled for no consideration upon the exchange of the Class A Units for shares of Class A Common Stock of the Issuer.

F5 · ownership.nature: These shares of Class B common stock are owned directly by GV Auto I, LLC ("GV Auto"), an entity in which the Reporting Person is a member, and represent the Reporting Person's pro rata membership interest in GV Auto.

SEC source: 0001690820-18-000022 · wf-form4_152529910867990.xml · nonDerivative · entry 2

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 0

F1 · kind: On April 30, 2018, the Reporting Person exchanged 68,750 Class A common units of Carvana Group, LLC ("Class A Units") for 55,000 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 55,000 shares of Class A Common Stock acquired upon conversion of the Class A 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 68,750 Class A common units of Carvana Group, LLC ("Class A Units") for 55,000 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 55,000 shares of Class A Common Stock acquired upon conversion of the Class A Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

F3 · ownership.nature: These shares of Class A Common Stock were issued to and sold by Georgiana Ventures, LLC upon exchange of the Class A Units, an entity controlled by the Reporting Person.

SEC source: 0001690820-18-000022 · wf-form4_152529910867990.xml · nonDerivative · entry 1

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 55,000

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 68,750 Class A common units of Carvana Group, LLC ("Class A Units") for 55,000 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 55,000 shares of Class A Common Stock acquired upon conversion of the Class A 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 68,750 Class A common units of Carvana Group, LLC ("Class A Units") for 55,000 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 55,000 shares of Class A Common Stock acquired upon conversion of the Class A 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 A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged. The Class A Units have no expiration date.

F3 · ownership.nature: These shares of Class A Common Stock were issued to and sold by Georgiana Ventures, LLC upon exchange of the Class A Units, an entity controlled by the Reporting Person.

SEC source: 0001690820-18-000021 · wf-form4_152529909298534.xml · derivative · entry 3

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 393,750

Underlying: Class A Common Stock · 85,000 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 106,250 Class B common units of Carvana Group, LLC ("Class B Units") for 85,000 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 85,000 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 500,000 Class B Units on March 24, 2015 with a participation threshold of $0.00; 125,000 of which vested on the grant date and 8,334 of which vest on the first of each month beginning April 1, 2015.

SEC source: 0001690820-18-000021 · wf-form4_152529909298534.xml · nonDerivative · entry 2

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,000

F1 · kind: On April 30, 2018, the Reporting Person exchanged 106,250 Class B common units of Carvana Group, LLC ("Class B Units") for 85,000 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 85,000 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 106,250 Class B common units of Carvana Group, LLC ("Class B Units") for 85,000 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 85,000 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: 0001690820-18-000021 · wf-form4_152529909298534.xml · nonDerivative · entry 1

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 91,000

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 106,250 Class B common units of Carvana Group, LLC ("Class B Units") for 85,000 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 85,000 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 106,250 Class B common units of Carvana Group, LLC ("Class B Units") for 85,000 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 85,000 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: 0001690820-18-000119 · wf-form4a_154216008903661.xml · nonDerivative · entry 1

BREAUX PAUL W. · CIK 0001700545 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · ownership.direct: On April 30, 2018, the Reporting Person filed a Form 4 that mistakenly reported in Table I the acquisition of 8,030 shares of the Issuer's Class A common stock via a conversion of derivative securities using transaction code "M" that did not in fact occur. This Amendment is being filed solely to delete the line item bearing transaction code "M" from Table I of the Reporting Person's Form 4 filed on April 30, 2018.

F2 · ownership.direct: This line item is being restated solely for the purpose of gaining access to the SEC's EDGAR filing system. This line item was originally reported in the Reporting Person's Form 4 filed on April 30, 2018. The restatement of this line item in this Amendment does not reflect any changes to the line item originally reported.

SEC source: 0001690820-18-000133 · wf-form4a_154465739873896.xml · derivative · entry 2

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 163,265

Underlying: Class A Common Stock · 55,000 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: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class A common units of Carvana Group, LLC ("Class A Units") are permitted to exchange their Class A Units for shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged.

F1 · shares: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class A common units of Carvana Group, LLC ("Class A Units") are permitted to exchange their Class A Units for shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged.

F5 · shares: On April 30, 2018, the Reporting Person exchanged 68,750 Class A Units for 55,000 shares of Class A Common Stock pursuant to the Exchange Agreement. The Reporting Person immediately sold the 55,000 shares of Class A Common Stock acquired upon conversion of the Class A Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

F1 · price: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class A common units of Carvana Group, LLC ("Class A Units") are permitted to exchange their Class A Units for shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged.

F1 · derivative.exercise_date: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class A common units of Carvana Group, LLC ("Class A Units") are permitted to exchange their Class A Units for shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged.

F6 · derivative.expiration_date: The Class A Units have no expiration date.

F1 · derivative.underlying_shares: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class A common units of Carvana Group, LLC ("Class A Units") are permitted to exchange their Class A Units for shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged.

F5 · derivative.underlying_shares: On April 30, 2018, the Reporting Person exchanged 68,750 Class A Units for 55,000 shares of Class A Common Stock pursuant to the Exchange Agreement. The Reporting Person immediately sold the 55,000 shares of Class A Common Stock acquired upon conversion of the Class A Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).

F7 · balance_after: The Form 4 filed by the Reporting Person on May 2, 2018 inadvertently overstated the number of shares of Class A Units beneficially owned by the Reporting Person by 167,283 units in Column 9 of Table II. This amendment is being filed to correct the number of units reported in Column 9 of Table II.

F8 · ownership.nature: These Class A Units are owned directly by GV Auto, an entity in which the Reporting Person is a member, and represent the Reporting Person's pro rata membership interest in GV Auto. The Reporting Person no longer has a reportable beneficial interest in any units owned by his eldest son, which were included in the Reporting Person's prior ownership reports.

SEC source: 0001690820-18-000133 · wf-form4a_154465739873896.xml · nonDerivative · entry 1

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 130,612

F1 · kind: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class A common units of Carvana Group, LLC ("Class A Units") are permitted to exchange their Class A Units for shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged.

F2 · kind: These shares of Class B Common Stock were cancelled for no consideration upon the exchange of the Class A Units for shares of Class A Common Stock of the Issuer.

F1 · price: Pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"), holders of Class A common units of Carvana Group, LLC ("Class A Units") are permitted to exchange their Class A Units for shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock"), they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of shares of Class A Common Stock for which the Class A Units are being exchanged.

F2 · price: These shares of Class B Common Stock were cancelled for no consideration upon the exchange of the Class A Units for shares of Class A Common Stock of the Issuer.

F3 · balance_after: The Form 4 filed by the Reporting Person on May 2, 2018 inadvertently overstated the number of shares of Class B Common Stock beneficially owned by the Reporting Person by 133,826 shares in Column 5 of Table I. This amendment is being filed to correct the number of shares reported in Column 5 of Table I.

F4 · ownership.nature: These shares of Class B Common Stock are owned directly by GV Auto I, LLC ("GV Auto"), an entity in which the Reporting Person is a member, and represent the Reporting Person's pro rata membership interest in GV Auto. The Reporting Person no longer has a reportable beneficial interest in any shares owned by his eldest son, which were included in the Reporting Person's prior ownership reports.

SEC source: 0000919574-18-002494 · p7843718.xml · nonDerivative · entry 1

GOODNOW INVESTMENT GROUP, LLC · CIK 0001362255 · 10% owner

Purcell Bradley · CIK 0001734569 · 10% owner

Heck Randall · CIK 0001734567 · 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: 1,687,331

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $18.15 to $18.25 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

F2 · ownership.nature: The reported securities are directly owned by certain private investment funds and may be deemed beneficially owned by Goodnow Investment Group, LLC, the investment manager of such funds, and by Bradley Purcell and Randall Heck, the principals of Goodnow Investment Group, LLC, each a Reporting Person. Goodnow Investment Group, LLC, Bradley Purcell and Randall Heck each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that each Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

SEC source: 0000899243-18-006269 · doc4a.xml · derivative · entry 2

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: 15,994,220

Underlying: Class A Common Stock · 1,000,000 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 · kind: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,000,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F1 · shares: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,000,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being issued in connection with any exchange.

F4 · derivative.exercise_date: The Class A Units are exchangeable for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. The Class A Units have no expiration date.

F4 · derivative.expiration_date: The Class A Units are exchangeable for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. The Class A Units have no expiration date.

F1 · derivative.underlying_shares: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,000,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · derivative.underlying_shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being issued in connection with any exchange.

F3 · balance_after: CVAN is a wholly-owned subsidiary of Delaware Life Holdings Parent, LLC ("Parent I"). Parent I is a wholly-owned subsidiary 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.

F4 · balance_after: The Class A Units are exchangeable for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. The Class A Units have no expiration date.

F6 · balance_after: The Form 4 filed by the reporting persons on March 2, 2018 inadvertently stated the number of shares of Class A Common Stock for which the Class A Units held by CVAN are exchangeable in Column 9 of Table II and understated such number by 250,000 shares. This amendment is being filed to reflect the number of Class A Units held by CVAN following the exchange in Column 9 of Table II. The Class A Units are exchangeable for shares of Class A Common Stock as described above.

SEC source: 0000899243-18-006269 · doc4a.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: 12,795,376

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 February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,000,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F1 · shares: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,000,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being issued in connection with any exchange.

F5 · shares: The Form 4 filed by the reporting persons on March 2, 2018 inadvertently overstated the number of shares of Class B Common Stock surrendered to the Issuer by CVAN in connection with the exchange by 250,000 shares in Column 4 of Table I, which in turn resulted in an inadvertent understatement in the number of shares of Class B Common Stock held by CVAN following the exchange by 250,000 shares in Column 5 of Table I. This amendment is being filed to correct the number of shares reported in Column 4 and Column 5 of Table I.

F1 · balance_after: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,000,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · balance_after: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being issued in connection with any exchange.

F3 · balance_after: CVAN is a wholly-owned subsidiary of Delaware Life Holdings Parent, LLC ("Parent I"). Parent I is a wholly-owned subsidiary 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.

F5 · balance_after: The Form 4 filed by the reporting persons on March 2, 2018 inadvertently overstated the number of shares of Class B Common Stock surrendered to the Issuer by CVAN in connection with the exchange by 250,000 shares in Column 4 of Table I, which in turn resulted in an inadvertent understatement in the number of shares of Class B Common Stock held by CVAN following the exchange by 250,000 shares in Column 5 of Table I. This amendment is being filed to correct the number of shares reported in Column 4 and Column 5 of Table I.

SEC source: 0000899243-18-006087 · doc4.xml · derivative · entry 3

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: 12,545,376

Underlying: Class A Common Stock · 1,000,000 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 · kind: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F1 · shares: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being exchanged.

F4 · derivative.exercise_date: The Class A Units are exchangeable for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. The Class A Units have no expiration date.

F4 · derivative.expiration_date: The Class A Units are exchangeable for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. The Class A Units have no expiration date.

F1 · derivative.underlying_shares: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · derivative.underlying_shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being exchanged.

F3 · balance_after: CVAN is a wholly-owned subsidiary of Delaware Life Holdings Parent, LLC ("Parent I"). Parent I is a wholly-owned subsidiary 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.

F4 · balance_after: The Class A Units are exchangeable for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. The Class A Units have no expiration date.

SEC source: 0000899243-18-006087 · doc4.xml · nonDerivative · entry 2

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: 1,000,000

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 February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F1 · shares: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being exchanged.

F1 · balance_after: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · balance_after: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being exchanged.

F3 · balance_after: CVAN is a wholly-owned subsidiary of Delaware Life Holdings Parent, LLC ("Parent I"). Parent I is a wholly-owned subsidiary 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: 0000899243-18-006087 · 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: 12,545,376

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 February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F1 · shares: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · shares: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being exchanged.

F1 · balance_after: On February 28, 2018, CVAN Holdings, LLC ("CVAN") exchanged 1,250,000 Class A common units of Carvana Group, LLC ("Class A Units") and 1,250,000 shares of Class B common stock, par value $0.001 per share, of the Issuer (the "Class B Common Stock") for 1,000,000 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 entered into by and among the Issuer, CVAN and certain other holders of Class A Units immediately prior to the effectiveness of the Registration Statement on Form S-1 (File No. 333-217085) relating to the Issuer's initial public offering (the "Exchange Agreement").

F2 · balance_after: The Exchange Agreement permits holders of Class A Units to exchange their Class A Units for shares of Class A Common Stock at a rate of four shares of Class A Common Stock for every five Class A Units being exchanged, or at the Issuer's election, for cash equal to the value of a share of Class A Common Stock multiplied by 0.8 times the number of Class A Units being exchanged. Additionally, to the extent such holders of Class A Units also hold Class B Common Stock, they are required to deliver to the Issuer a number of shares of Class B Common Stock equal to the number of Class A Units being exchanged.

F3 · balance_after: CVAN is a wholly-owned subsidiary of Delaware Life Holdings Parent, LLC ("Parent I"). Parent I is a wholly-owned subsidiary 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: 0001209191-17-066379 · doc4.xml · nonDerivative · entry 4

2014 Fidel Family Trust dated June 16, 2014 · CIK 0001725822 · 10% owner

Fidel Kathryn L. · CIK 0001725862 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 843,245

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.27 to $24.80, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F2 · ownership.direct: These shares are owned directly by 2014 Fidel Family Trust dated June 16, 2014 (the "Trust"), a ten percent owner of the Issuer, and indirectly by Kathryn L. Fidel, the sole trustee of the Trust, who has the power to vote and dispose of the Trust's holdings.

SEC source: 0001209191-17-066379 · doc4.xml · nonDerivative · entry 3

2014 Fidel Family Trust dated June 16, 2014 · CIK 0001725822 · 10% owner

Fidel Kathryn L. · CIK 0001725862 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 886,158

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.26 to $24.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F2 · ownership.direct: These shares are owned directly by 2014 Fidel Family Trust dated June 16, 2014 (the "Trust"), a ten percent owner of the Issuer, and indirectly by Kathryn L. Fidel, the sole trustee of the Trust, who has the power to vote and dispose of the Trust's holdings.

SEC source: 0001209191-17-066379 · doc4.xml · nonDerivative · entry 2

2014 Fidel Family Trust dated June 16, 2014 · CIK 0001725822 · 10% owner

Fidel Kathryn L. · CIK 0001725862 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 939,369

F2 · ownership.direct: These shares are owned directly by 2014 Fidel Family Trust dated June 16, 2014 (the "Trust"), a ten percent owner of the Issuer, and indirectly by Kathryn L. Fidel, the sole trustee of the Trust, who has the power to vote and dispose of the Trust's holdings.

SEC source: 0001209191-17-066379 · doc4.xml · nonDerivative · entry 1

2014 Fidel Family Trust dated June 16, 2014 · CIK 0001725822 · 10% owner

Fidel Kathryn L. · CIK 0001725862 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,939,369

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.03 to $22.95, inclusive. The reporting person undertakes to provide to Carvana Co. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F2 · ownership.direct: These shares are owned directly by 2014 Fidel Family Trust dated June 16, 2014 (the "Trust"), a ten percent owner of the Issuer, and indirectly by Kathryn L. Fidel, the sole trustee of the Trust, who has the power to vote and dispose of the Trust's holdings.

SEC source: 0000905718-17-000792 · melvin_form4aug152017.xml · derivative · entry 2

Melvin Capital Management LP · CIK 0001628110 · Former 10% Owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A Common Stock, par value $0.001 per share · 300,000 shares

Expires 2017-08-18

F1 · ownership.nature: The options were held by Melvin Capital Master Fund Ltd., a Cayman Islands exempted company ("Melvin Master"), Melvin Capital Onshore LP, a Delaware limited partnership ("Melvin Onshore"), and one or more managed accounts (the "Managed Accounts"). Melvin Capital Management LP (the "Reporting Person") is the investment manager to Melvin Master, Melvin Onshore and the Managed Accounts. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's beneficial ownership is limited to its pecuniary interest, if any, in such securities.

SEC source: 0000905718-17-000792 · melvin_form4aug152017.xml · derivative · entry 1

Melvin Capital Management LP · CIK 0001628110 · Former 10% Owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 0

Underlying: Class A Common Stock, par value $0.001 per share · 250,000 shares

Expires 2017-08-18

F1 · ownership.nature: The options were held by Melvin Capital Master Fund Ltd., a Cayman Islands exempted company ("Melvin Master"), Melvin Capital Onshore LP, a Delaware limited partnership ("Melvin Onshore"), and one or more managed accounts (the "Managed Accounts"). Melvin Capital Management LP (the "Reporting Person") is the investment manager to Melvin Master, Melvin Onshore and the Managed Accounts. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's beneficial ownership is limited to its pecuniary interest, if any, in such securities.

SEC source: 0000899243-17-012012 · 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: 1,464,517

F1 · price: The price reported in Column 4 is a weighted average price. These shares of Class A Common Stock were purchased in multiple transactions at prices ranging from $8.19 to $8.20, inclusive.

F2 · ownership.nature: These shares are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls.

SEC source: 0000899243-17-011727 · 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 · See Footnote

Disclosed balance after: 1,500,000

F4 · shares: These shares of Class A Common Stock were purchased and are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.29 to $8.92, inclusive.

F4 · price: These shares of Class A Common Stock were purchased and are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.29 to $8.92, inclusive.

F4 · ownership.nature: These shares of Class A Common Stock were purchased and are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.29 to $8.92, inclusive.

SEC source: 0000899243-17-011727 · 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 · See Footnote

Disclosed balance after: 1,200,000

F3 · shares: These shares of Class A Common Stock were purchased and are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia has sole investment and dispository power over the Multi-Generational Trust assets and Mr. Garcia's son, Ernie Garcia, III, together with Ernie Garcia, III's children, are the sole beneficiaries of the Multi-Generational Trust. These shares were purchased in the Issuer's initial public offering at the initial public offering price.

F3 · price: These shares of Class A Common Stock were purchased and are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia has sole investment and dispository power over the Multi-Generational Trust assets and Mr. Garcia's son, Ernie Garcia, III, together with Ernie Garcia, III's children, are the sole beneficiaries of the Multi-Generational Trust. These shares were purchased in the Issuer's initial public offering at the initial public offering price.

F3 · ownership.nature: These shares of Class A Common Stock were purchased and are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia has sole investment and dispository power over the Multi-Generational Trust assets and Mr. Garcia's son, Ernie Garcia, III, together with Ernie Garcia, III's children, are the sole beneficiaries of the Multi-Generational Trust. These shares were purchased in the Issuer's initial public offering at the initial public offering price.

SEC source: 0000899243-17-011727 · 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: 1,100,000

F2 · shares: These shares of Class A Common Stock were purchased and are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has sole 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. These shares were purchased in the Issuer's initial public offering at the initial public offering price.

F2 · price: These shares of Class A Common Stock were purchased and are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has sole 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. These shares were purchased in the Issuer's initial public offering at the initial public offering price.

F2 · ownership.nature: These shares of Class A Common Stock were purchased and are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has sole 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. These shares were purchased in the Issuer's initial public offering at the initial public offering price.

SEC source: 0000899243-17-011727 · 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: 1,000,000

F1 · shares: These shares of Class A Common Stock were purchased and are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls, pursuant to the Issuer's initial public offering at the initial public offering price.

F1 · price: These shares of Class A Common Stock were purchased and are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls, pursuant to the Issuer's initial public offering at the initial public offering price.

F1 · ownership.nature: These shares of Class A Common Stock were purchased and are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls, pursuant to the Issuer's initial public offering at the initial public offering price.

SEC source: 0000899243-17-011730 · doc4.xml · derivative · entry 1

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,928

Underlying: Class A Common Stock · 30,928 shares

Expires 2027-04-27

F1 · derivative.exercise_date: The options vest in three equal annual installments beginning on April 27, 2018.

SEC source: 0000899243-17-011737 · doc4.xml · derivative · entry 1

SULLIVAN GREGORY B · CIK 0001027030 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,928

Underlying: Class A Common Stock · 30,928 shares

Expires 2027-04-27

F1 · derivative.exercise_date: The options vest in three equal annual installments beginning on April 27, 2018.

SEC source: 0000899243-17-011732 · doc4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 183,333

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.62 to $9.19, inclusive.

SEC source: 0000899243-17-011732 · doc4.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: 133,333

F1 · shares: These shares of Class A Common Stock were purchased by Mr. Garcia pursuant to Carvana Co.'s initial public offering at the initial public offering price.

F1 · price: These shares of Class A Common Stock were purchased by Mr. Garcia pursuant to Carvana Co.'s initial public offering at the initial public offering price.

SEC source: 0000899243-17-011733 · doc4.xml · derivative · entry 1

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,928

Underlying: Class A Common Stock · 30,928 shares

Expires 2027-04-27

F1 · derivative.exercise_date: The options vest in three equal annual installments beginning on April 27, 2018.

SEC source: 0000899243-17-011725 · doc4.xml · derivative · entry 1

QUAYLE J DANFORTH · CIK 0001210412 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,928

Underlying: Class A Common Stock · 30,928 shares

Expires 2027-04-27

F1 · derivative.exercise_date: The options vest in three equal annual installments beginning on April 27, 2018.

SEC source: 0000899243-17-011724 · doc4.xml · nonDerivative · entry 2

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,000

SEC source: 0000899243-17-011724 · doc4.xml · nonDerivative · entry 1

KEETON RYAN S. · CIK 0001700542 · Chief Brand Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

SEC source: 0000899243-17-019310 · doc4a.xml · nonDerivative · entry 1

MAROONE MICHAEL E · CIK 0001088011 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,000

F1 · shares: 30,000 shares of Class A Common Stock were inadvertantly omitted from the reporting person's original Form 4 filed on 5/3/2017.

F1 · balance_after: 30,000 shares of Class A Common Stock were inadvertantly omitted from the reporting person's original Form 4 filed on 5/3/2017.

SEC source: 0000899243-17-011285 · doc4.xml · nonDerivative · entry 1

MCKEON JOHN T. · CIK 0001700678 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 181

SEC source: 0000899243-17-011240 · doc4.xml · nonDerivative · entry 1

PLATT IRA J. · CIK 0001702455 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000

SEC source: 0000919574-17-003828 · p7470371.xml · nonDerivative · entry 3

ABRAMS BISON PARTNERS, LP · CIK 0001317587 · 10% owner

ABRAMS BISON INVESTMENTS, LLC · CIK 0001317588 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,500,000

F1 · ownership.direct: The securities are held in the account of Abrams Bison Partners, L.P. (the "Fund") and may be deemed to be beneficially owned by (i) Abrams Bison Investments, L.L.C. (the "General Partner"), the general partner of the Fund and (ii) Gavin Abrams, the managing member of the General Partner.

SEC source: 0000919574-17-003828 · p7470371.xml · nonDerivative · entry 2

ABRAMS BISON PARTNERS, LP · CIK 0001317587 · 10% owner

ABRAMS BISON INVESTMENTS, LLC · CIK 0001317588 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,350,000

F1 · ownership.direct: The securities are held in the account of Abrams Bison Partners, L.P. (the "Fund") and may be deemed to be beneficially owned by (i) Abrams Bison Investments, L.L.C. (the "General Partner"), the general partner of the Fund and (ii) Gavin Abrams, the managing member of the General Partner.

SEC source: 0000919574-17-003828 · p7470371.xml · nonDerivative · entry 1

ABRAMS BISON PARTNERS, LP · CIK 0001317587 · 10% owner

ABRAMS BISON INVESTMENTS, LLC · CIK 0001317588 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,150,000

F1 · ownership.direct: The securities are held in the account of Abrams Bison Partners, L.P. (the "Fund") and may be deemed to be beneficially owned by (i) Abrams Bison Investments, L.L.C. (the "General Partner"), the general partner of the Fund and (ii) Gavin Abrams, the managing member of the General Partner.