Results for “North Carolina Department of Agriculture and Consumer Services”

and forfeiture of incentive awards in the event the executive engages in various types of conduct deemed detrimental

including theft or fraud against Carvana and engaging in competition with Carvana;

gross profit per unit ex-Gift and EBITDA margin ex-Gift as performance metrics

as described above under “Compensation Discussion and

and B4 Units (all as defined above in the “Outstanding Equity Awards at 2018 Fiscal Year End” table).

we amended and restated Carvana Group’s existing

LLC Unitholders (and certain permitted transferees thereof) may exchange at any time their LLC Units for

we entered into several agreements with DriveTime and affiliated companies that were intended to facilitate our

subject to a minimum increase of 2% per year and a maximum increase of 5% per year. Total expense related to these lease

we entered into a lease with DriveTime that governs our utilization of office space and parking spaces at retail facilities that we

Carvana entered into a sublease agreement with DriveTime for an inspection and reconditioning center near Cleveland

and will further increase during each extension term over the then-current base rent by an amount equal to the percentage

with a maximum of 15% and a minimum of 10%.

including Ally Bank and Ally Financial (collectively

and the 2017 Master Transfer Agreement’s purchase commitment