CVNA Form 144: Insider-Related Sales Listed; 392,880 Shares Planned via J.P. Morgan

Rhea-AI Filing Summary

Carvana Co. (CVNA) Form 144 notice reports a proposed sale of 392,880 shares of Class A common stock through J.P. Morgan Securities, with an aggregate market value of $137,456,925 and total shares outstanding listed as 138,083,496. The filer acquired the reported lots in a public offering on 04/26/2022 and paid cash. The filing also lists extensive prior sales by related trusts and an individual across May–August 2025, typically in 5,000-share increments, with per-trade gross proceeds shown. The notice includes the seller's attestation regarding material nonpublic information and signature requirements.

Positive

• Full Rule 144 disclosure provided including acquisition dates, broker details, and prior three-month sales, which enhances transparency
• Planned sale to be executed through a major broker (J.P. Morgan Securities), indicating an orderly institutional execution channel

Negative

• Large aggregate market value ($137,456,925) tied to proposed sale could increase supply pressure on the stock
• Extensive prior sales by related trusts and an individual from May–August 2025 indicate ongoing liquidation activity by insiders/affiliates

Insights

Securities Analyst

TL;DR Significant planned insider-related sale disclosed: 392,880 Class A shares valued at $137.5M to be sold via J.P. Morgan.

The Form 144 shows a single proposed disposition of 392,880 Class A shares, acquired in a public offering in April 2022 and held in accounts associated with trusts and related parties. The filing lists many executed smaller sales from May through August 2025 by related trusts and an individual, indicating ongoing disposition activity. The sale will be executed on the NYSE through a major broker. For investors, this is a clear disclosure of supply pressure from related-party holders, though the proposed block represents roughly 0.29% of the reported outstanding shares, suggesting limited dilution of total float.

Corporate Governance Expert

TL;DR Comprehensive Form 144 disclosure aligns with Rule 144 requirements; multiple related-party transactions are documented.

The filing documents compliance with Rule 144 by identifying acquisition dates, nature of acquisition, payment method, broker, and prior three-month sales by related trusts and an individual. The repeated small-lot sales listed demonstrate active liquidations by related trusts across late May to August 2025. The filer certifies no undisclosed material adverse information. From a governance perspective, the filing provides the required transparency on insider-related selling activity, enabling stakeholders to assess potential governance and signaling implications.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	J.P. Morgan Securities LLC 390 Madison Avenue, 6th Floor New York NY 10017	392880	137456925	138083496	08/14/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	04/26/2022	Public Offering	Issuer			196440	04/26/2022	Cash
Class A Common Stock	04/26/2022	Public Offering	Issuer			196440	04/26/2022	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/15/2025	5000	1513652
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/16/2025	5000	1500764
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/19/2025	5000	1503064
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/20/2025	5000	1507492
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/22/2025	5000	1501199
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/23/2025	5000	1505419
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/27/2025	5000	1542443
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/28/2025	5000	1572733
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/29/2025	5000	1592613
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/30/2025	5000	1608344
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/02/2025	5000	1626463
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/03/2025	5000	1688202
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/04/2025	5000	1703785
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/05/2025	5000	1722235
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/06/2025	5000	1716053
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/09/2025	5000	1691325
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/10/2025	5000	1682566
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/11/2025	5000	1693163
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/12/2025	5000	1640006
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/13/2025	5000	1537098
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/16/2025	3560	1077137
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/18/2025	5000	1502544
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/20/2025	5000	1564803
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/23/2025	5000	1548686
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/24/2025	5000	1625560
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/25/2025	5000	1591244
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/26/2025	5000	1564982
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/27/2025	5000	1541180
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/30/2025	5000	1648219
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/01/2025	5000	1691519
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/02/2025	5000	1712173
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/03/2025	5000	1730763
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/07/2025	5000	1772193
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/08/2025	5000	1744243
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/09/2025	5000	1743388
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/10/2025	5000	1752043
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/11/2025	5000	1736398
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/14/2025	5000	1738074
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/15/2025	5000	1719832
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/16/2025	5000	1766835
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/17/2025	5000	1747948
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/18/2025	5000	1705171
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/21/2025	5000	1714877
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/22/2025	5000	1709960
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/23/2025	5000	1687532
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/24/2025	5000	1664726
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/25/2025	5000	1658680
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/28/2025	5000	1681139
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/29/2025	5000	1663269
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/30/2025	5000	1676363
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/31/2025	5000	1967331
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/01/2025	5000	1853325
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/04/2025	5000	1816385
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/05/2025	5000	1777223
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/06/2025	5000	1760623
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/07/2025	5000	1787689
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/08/2025	5000	1733021
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/11/2025	5000	1723198
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/12/2025	5000	1710338
Ernest Irrevocable 2004 Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/13/2025	5000	1742364
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/15/2025	5000	1513652
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/16/2025	5000	1500764
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/19/2025	5000	1503064
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/20/2025	5000	1507492
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/22/2025	5000	1501199
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/23/2025	5000	1505419
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/27/2025	5000	1542443
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/28/2025	5000	1572733
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/29/2025	5000	1592613
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	05/30/2025	5000	1608344
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/02/2025	5000	1626463
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/03/2025	5000	1688202
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/04/2025	5000	1703785
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/05/2025	5000	1722235
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/06/2025	5000	1716053
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/09/2025	5000	1691325
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/10/2025	5000	1682566
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/11/2025	5000	1693163
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/12/2025	5000	1640006
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/13/2025	5000	1537098
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/16/2025	3560	1077137
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/18/2025	5000	1502544
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/20/2025	5000	1564803
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/23/2025	5000	1548686
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/24/2025	5000	1625560
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/25/2025	5000	1591244
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/26/2025	5000	1564982
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/27/2025	5000	1541180
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	06/30/2025	5000	1648219
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/01/2025	5000	1691519
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/02/2025	5000	1712173
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/03/2025	5000	1730763
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/07/2025	5000	1772193
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/08/2025	5000	1744243
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/09/2025	5000	1743388
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/10/2025	5000	1752043
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/11/2025	5000	1736398
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/14/2025	5000	1738074
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/15/2025	5000	1719832
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/16/2025	5000	1766835
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/17/2025	5000	1747948
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/18/2025	5000	1705171
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/21/2025	5000	1714877
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/22/2025	5000	1709960
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/23/2025	5000	1687532
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/24/2025	5000	1664726
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/25/2025	5000	1658680
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/28/2025	5000	1681139
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/29/2025	5000	1663269
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/30/2025	5000	1676363
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	07/31/2025	5000	1967331
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/01/2025	5000	1853325
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/04/2025	5000	1816385
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/05/2025	5000	1777223
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/06/2025	5000	1760623
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/07/2025	5000	1787689
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/08/2025	5000	1733021
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/11/2025	5000	1723198
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/12/2025	5000	1710338
Ernest C. Garcia III Multi-Generational Trust III C/o Carvana Co. 300 E. Rio Salado Parkway Tempe AZ 85281	Class A Common Stock	08/13/2025	5000	1742364

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for Carvana (CVNA) disclose?

It discloses a proposed sale of 392,880 Class A shares valued at $137,456,925, acquired in a public offering on 04/26/2022, to be sold via J.P. Morgan Securities on the NYSE.

Who is the broker handling the proposed CVNA sale?

J.P. Morgan Securities LLC (address listed as 390 Madison Avenue, 6th Floor, New York, NY) is named as the broker for the transaction.

How many shares has the filer sold in the past three months according to the filing?

Multiple small-lot sales are listed by related trusts and an individual between 05/15/2025 and 08/13/2025, mostly in 5,000-share increments and several larger single-day totals (e.g., 5,000 and 3,560 entries).

When were the securities being offered originally acquired?

The reported lots were acquired on 04/26/2022 in a public offering, with payment made in cash.

What representation does the seller make in the Form 144?

The signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed and follows the attestation language required by the form.