Form 4 for CVNA Carvana
Accepted 2025-07-21 00:00:00 ET · period of report 2025-07-17 · accession 0000950170-25-097310 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMT | 2025-07-21 | 2025-07-17+ | CVNA | GARCIA ERNEST C. II | 10% | S - Sale | $348.39 | -150.0K | 25.9K | -85% | -$52.26M |
| DMT | 2025-07-21 | 2025-07-17+ | CVNA | GARCIA ERNEST C. II | 10% | C - Cnv Deriv | — | +150.0K | 50.0K | New | — |
| DMT | 2025-07-21 | 2025-07-17+ | CVNA | GARCIA ERNEST C. II | 10% | J - Other | — | -150.0K | 35.74M | -0.4% | — |
| DMT | 2025-07-21 | 2025-07-17+ | CVNA | GARCIA ERNEST C. II | 10% | C - Cnv Deriv | $0.00 | -187.5K | 44.68M | -0.4% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-07-17 | S | D | 5,700 | $345.45 | 94,300 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 2 | Common | Class A Common Stock | 2025-07-17 | S | D | 5,200 | $346.22 | 89,100 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 3 | Common | Class A Common Stock | 2025-07-17 | C | A | 100,000 | — | 100,000 | D | — | — | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |
| 4 | Common | Class A Common Stock | 2025-07-18 | S | D | 8,108 | $343.27 | 3,904 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 5 | Common | Class A Common Stock | 2025-07-18 | S | D | 7,022 | $342.33 | 12,012 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 6 | Common | Class A Common Stock | 2025-07-18 | S | D | 6,844 | $341.23 | 19,034 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 7 | Common | Class A Common Stock | 2025-07-17 | S | D | 6,946 | $347.27 | 82,154 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 8 | Common | Class A Common Stock | 2025-07-17 | S | D | 6,813 | $348.13 | 75,341 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 9 | Common | Class A Common Stock | 2025-07-18 | S | D | 3,052 | $344.11 | 852 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 10 | Common | Class A Common Stock | 2025-07-18 | S | D | 131 | $346.94 | 721 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 11 | Common | Class A Common Stock | 2025-07-18 | S | D | 144 | $348.41 | 577 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 12 | Common | Class A Common Stock | 2025-07-18 | S | D | 577 | $349.25 | 0 | D | — | — | |
| 13 | Common | Class B Common Stock | 2025-07-17 | J | D | 100,000 | — | 35,792,792 | D | — | — | (F6) Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II. |
| 14 | Common | Class B Common Stock | 2025-07-18 | J | D | 50,000 | — | 35,742,792 | D | — | — | (F6) Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II. |
| 15 | Common | Class A Common Stock | 2025-07-17 | S | D | 3,108 | $349.43 | 72,233 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 16 | Common | Class A Common Stock | 2025-07-17 | S | D | 2,533 | $350.20 | 69,700 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 17 | Common | Class A Common Stock | 2025-07-17 | S | D | 7,478 | $351.91 | 62,222 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 18 | Common | Class A Common Stock | 2025-07-17 | S | D | 17,730 | $352.74 | 44,492 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 19 | Common | Class A Common Stock | 2025-07-17 | S | D | 17,914 | $353.69 | 26,578 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 20 | Common | Class A Common Stock | 2025-07-17 | S | D | 10,037 | $354.64 | 16,541 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 21 | Common | Class A Common Stock | 2025-07-17 | S | D | 4,932 | $355.77 | 11,609 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 22 | Common | Class A Common Stock | 2025-07-17 | S | D | 9,489 | $356.57 | 2,120 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 23 | Common | Class A Common Stock | 2025-07-17 | S | D | 1,865 | $357.75 | 255 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 24 | Common | Class A Common Stock | 2025-07-17 | S | D | 255 | $358.35 | 0 | D | — | — | (F3) The prices reported in Column 4 are weighted average prices. These shares were sold in multiple transactions at prices ranging from $344.75-$345.74, inclusive (weighted average of $345.4488); $345.76-$346.70, inclusive (weighted average of $346.2175); $346.76-$347.75, inclusive (weighted average of $347.2683); $347.76-$348.74, inclusive (weighted average of $348.1316); $348.87-$349.86, inclusive (weighted average of $349.429); $349.87-$350.85, inclusive (weighted average of $350.2039); $351.23-$352.22, inclusive (weighted average of $351.9149); $352.24-$353.22, inclusive (weighted average of $352.7374); $353.24-$354.23, inclusive (weighted average of $353.6866); $354.24-$355.23, inclusive (weighted average of $354.6391); $355.245-$356.1775, inclusive (weighted average of $355.7698); $356.25-$357.24, inclusive (weighted average of $356.5741); $357.295-$358.29, inclusive (weighted average of $357.7534); and $358.35-$358.36, inclusive (weighted average of $358.3539), respectively. (F4) The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 25 | Common | Class A Common Stock | 2025-07-18 | C | A | 50,000 | — | 50,000 | D | — | — | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |
| 26 | Common | Class A Common Stock | 2025-07-18 | S | D | 1,465 | $337.22 | 48,535 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 27 | Common | Class A Common Stock | 2025-07-18 | S | D | 6,491 | $338.26 | 42,044 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 28 | Common | Class A Common Stock | 2025-07-18 | S | D | 6,921 | $339.37 | 35,123 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 29 | Common | Class A Common Stock | 2025-07-18 | S | D | 9,245 | $340.28 | 25,878 | D | — | — | (F5) Prices reported in Column 4 are weighted average prices. Shares were sold in multiple transactions at prices ranging from $336.76-$337.7541, inclusive (weighted average of $337.2159); $337.77-$338.7632, inclusive (weighted average of $338.259); $338.7789-$339.7723, inclusive (weighted average of $339.373); $339.78-$340.76, inclusive (weighted average of $340.2772); $340.7812-$341.78, inclusive (weighted average of $341.2313); $341.7816-$342.78, inclusive (weighted average of $342.3335); $342.785-$343.78, inclusive (weighted average of $343.2678); $343.7857-$344.50, inclusive (weighted average of $344.1134); $346.4993-$347.2569, inclusive (weighted average of $346.9427); and $348.126-$348.6885, inclusive (weighted average of $348.4145), respectively. The reporting person undertakes to provide to the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth herein. |
| 30 | Derivative | Class A Units | 2025-07-17 | C | D | 125,000 | $0.00 | 44,740,989 | D | — · — to — | 100,000 Class A Common Stock | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |
| 31 | Derivative | Class A Units | 2025-07-18 | C | D | 62,500 | $0.00 | 44,678,489 | D | — · — to — | 50,000 Class A Common Stock | (F1) Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). |