FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * BREAUX PAUL W. 2. Issuer Name and Ticker or Trading Symbol CARVANA CO. [ CVNA ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
See Remarks
(Last)         (First)         (Middle)
C/O CARVANA CO., 1930 W. RIO SALADO PKWY
3. Date of Earliest Transaction (MM/DD/YYYY)
9/1/2020
(Street)
TEMPE, AZ 85281
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock  9/1/2020    C(1)    7500  A $0 (1)(2) 17153  D   
Class A Common Stock  9/1/2020    S(1)    7500  D $224 (1) 9653  D   
Class A Common Stock  9/1/2020    F    65 (3) D $227.19  9588  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Units  $4.878 (4) 9/1/2020    C (1)(2)(4)       9652 (1)(2)(4)   (4)  (4) Class A Common Stock  7500.0 (1)(2)(4) $4.878 (4) 85740 (5) D   

Explanation of Responses:
(1)  The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2020. The Reporting Person acquired the Class A Common Stock on September 1, 2020 by exchanging 9,652 Class B common units of Carvana Group, LLC ("Class B Units") for 7,500 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").
(2)  The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.
(3)  Represents shares of Class A Common Stock of the Issuer withheld for taxes upon vesting of restricted stock units.
(4)  The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.
(5)  The Reporting Person was granted 250,000 Class B Units on December 30, 2015 with a participation threshold of $4.878; 50,000 of which vested on August 3, 2016 and 4,167 of which vest on the first of each month beginning September 1, 2016. The Reporting Person was also granted 12,500 Class B Units on January 29, 2016 with a participation threshold of $4.878; 2,500 of which vested on August 3, 2016 and 209 of which vest on the first of each month beginning September 1, 2016.

Remarks:
Vice President, General Counsel, & Secretary

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BREAUX PAUL W.
C/O CARVANA CO.
1930 W. RIO SALADO PKWY
TEMPE, AZ 85281


See Remarks

Signatures
/s/ Paul Breaux 9/3/2020
**Signature of Reporting Person Date
Carvana (NYSE:CVNA)
Historical Stock Chart
From Sep 2020 to Oct 2020 Click Here for more Carvana Charts.
Carvana (NYSE:CVNA)
Historical Stock Chart
From Oct 2019 to Oct 2020 Click Here for more Carvana Charts.