X0306 4 2017-05-04 0 0001690820 CARVANA CO. CVNA 0001017608 GARCIA ERNEST C II C/O VERDE INVESTMENTS, INC. 1720 W. RIO SALADO PARKWAY TEMPE AZ 85281 0 0 1 0 0001704727 VERDE INVESTMENTS, INC. 1720 W. RIO SALADO PARKWAY TEMPE AZ 85281 0 0 1 0 Class A Common Stock 2017-05-04 4 P 0 164517 8.20 A 1464517 I See Footnote Class A Common Stock 100000 I See Footnote Class A Common Stock 100000 I See Footnote 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. These shares are owned directly by Verde Investments, Inc., an entity that Mr. Garcia wholly owns and controls. These shares of Class A Common Stock 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 of Class A Common Stock 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. /s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, II 2017-05-05 /s/ Paul Breaux, by Power of Attorney for Verde Investments, Inc. 2017-05-05