CARVANA CO. — Director's Dealing 2025

Oct 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARVANA CO. (CVNA)
CIK: 0001690820
Period of Report: 2025-10-01

Reporting Person: GARCIA ERNEST C. III (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-01	Class A Common Stock	S	572	$391.50	Disposed	377769	Indirect
2025-10-01	Class A Common Stock	S	572	$391.50	Disposed	477769	Indirect
2025-10-01	Class A Common Stock	S	576	$392.55	Disposed	377193	Indirect
2025-10-01	Class A Common Stock	S	576	$392.55	Disposed	477193	Indirect
2025-10-01	Class A Common Stock	S	415	$393.78	Disposed	376778	Indirect
2025-10-01	Class A Common Stock	S	415	$393.78	Disposed	476778	Indirect
2025-10-01	Class A Common Stock	S	238	$394.78	Disposed	376540	Indirect
2025-10-01	Class A Common Stock	S	238	$394.78	Disposed	476540	Indirect
2025-10-01	Class A Common Stock	S	100	$396.27	Disposed	376440	Indirect
2025-10-01	Class A Common Stock	S	100	$396.27	Disposed	476440	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	920696	Direct

Footnotes

F1: The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

F2: The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

F3: This transaction was executed in multiple trades at prices ranging from $391.07 to $392.04, inclusive.

F4: These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

F5: These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee
and Co-Administrative Trustee of the Multi-Generational Trust.

F6: This transaction was executed in multiple trades at prices ranging from $392.08 to $392.98 inclusive.

F7: This transaction was executed in multiple trades at prices ranging from $393.19 to $394.10 inclusive.

F8: This transaction was executed in multiple trades at prices ranging from $394.27 to $395.24 inclusive.

F9: This transaction was executed in multiple trades at prices ranging from $395.99 to $396.55, inclusive.