X0306 4 2022-06-10 0 0001690820 CARVANA CO. CVNA 0001017608 GARCIA ERNEST C. II 100 CRESCENT COURT, SUITE 1100 DALLAS TX 75201 0 0 1 0 0001704727 VERDE INVESTMENTS, INC. 100 CRESCENT COURT SUITE 1100 DALLAS TX 75201 0 0 1 0 Class A Common Stock 2022-06-10 4 P 0 793790 21.9471 A 1386846 I Verde Investments, Inc. Class A Common Stock 2022-06-13 4 P 0 759646 20.4958 A 2146492 I Verde Investments, Inc. Class A Common Stock 2022-06-13 4 P 0 431822 20.9713 A 2578314 I Verde Investments, Inc. Class A Common Stock 3362500 D Class A Common Stock 850000 I Ernest Irrevocable 2004 Trust III Class A Common Stock 950000 I Ernest C. Garcia III Multi-Generational Trust III Class B Common Stock 38937458 D Class B Common Stock 11834021 I Ernest Irrevocable 2004 Trust III Class B Common Stock 11952000 I Ernest C. Garcia III Multi-Generational Trust III Class B Common Stock 8000000 I ECG II SPE, LLC Class A Units Class A Common Stock 48671822 D Class A Units Class A Common Stock 14792526 I Ernest Irrevocable 2004 Trust III Class A Units Class A Common Stock 14940000 I Ernest C. Garcia III Multi-Generational Trust III Class A Units Class A Common Stock 10000000 I ECG II SPE, LLC The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.62 to $22.00, inclusive (weighted average of $21.9471). The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. These Class A Shares are owned directly by Verde Investments, Inc., an entity which Mr. Garcia wholly owns and controls. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.85 to $20.84, inclusive (weighted average of $20.4958) and $20.85 to $21.44, inclusive (weighted average of $20.9713), respectively. The reporting person undertakes to provide to the issuer or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. These Class A Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the 2004 Trust. Mr. Garcia is a non-voting co-trustee with respect to the 2004 Trust and Mr. Garcia's son, Ernie Garcia III, is the sole beneficiary. These Class A Shares are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia may have shared voting and dispositive power with respect to the Class A Shares held by the Multi-Generational Trust. Mr. Garcia is a non-voting co-trustee with respect to the Multi-Generational Trust, and Ernie Garcia III and his children are the sole beneficiaries. These Class B Shares are owned directly by the 2004 Trust. These Class B Shares are owned directly by the Multi-Generational Trust. These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls. These Class A Units are exchangeable for 0.8 Class A Shares 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"). These Class A Units are owned directly by the 2004 Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement. These Class A Units are owned directly by the Multi-Generational Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement. These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement. /s/ Ernest C. Garcia II 2022-06-14 /s/ Ernest C. Garcia II, Verde Investments, Inc. 2022-06-14