Carvana Launches its 40th Market, Expanding California Reach to Bakersfield

Even More Californians Can Now Purchase a Car Online and Have It
Delivered for Free as Soon as the Next Day

(NYSE: CVNA), a leading eCommerce platform for buying used cars, today
announced it’s bringing the new way to buy a car to a second California
market: Bakersfield. Customers can shop for more than 7,000 vehicles,
finance, purchase and even trade in an old car, all from the convenience
of their home, in as little as 10 minutes. And now Bakersfield metro
residents can ditch the dealership and take back their weekends by
purchasing a car on, all while receiving free,
as-soon-as-next-day delivery.

By disrupting the 75-year-old traditional dealership model, Carvana is
putting customers in control of the car buying process while putting
money back in their pockets. In 2016, customers who purchased a car
through Carvana saved an average of $1,430 versus the Kelley Blue Book®
Suggested Retail Value. In addition, Carvana’s seven-day test-own gives
customers the time and peace of mind to ensure that their vehicle fits
their life. If customers aren’t satisfied, they can return it within
seven days for a full refund.

“Forty markets in four years is an accomplishment we’re incredibly proud
of,” said Ernie Garcia, Carvana founder and CEO. “To grow our presence
in California, launching the Bakersfield market alongside this
milestone, makes it even more meaningful.”

All Carvana cars have passed a rigorous 150-point inspection, have never
been in a reported accident, nor have frame damage. Because Carvana
values transparency, customers can view all features, imperfections and
updated information about open safety recalls on the car’s vehicle
description page.

Customers who want to pick up their car and experience Carvana’s
coin-operated, fully automated Car Vending Machine can opt into the
company’s fly-and-drive program, which provides a $200 airfare stipend
to fly to one of Carvana’s seven Car Vending Machines in Dallas,
Houston, Austin (Texas), San Antonio, Nashville (Tenn.), Raleigh (N.C.),
or the newest addition, Jacksonville (Fla.).

Carvana has delivered vehicles to customers in 48 states, and offers
free, as-soon-as next-day delivery to residents in 40 markets:
Albuquerque (N.M.), Atlanta, Augusta (Ga.), Austin (Texas), Baltimore,
Birmingham (Ala.), Charlotte (N.C.), Chattanooga (Tenn.), Chicago,
Cincinnati, Cleveland, Columbia (S.C.), Columbus (Ohio), Dallas,
Detroit, Greenville (S.C.), Hampton Roads (Va.), Houston, Indianapolis,
Jacksonville (Fla.), Knoxville (Tenn.), Las Vegas, Los Angeles,
Louisville (Ky.), Macon (Ga.), Memphis (Tenn.), Miami, Nashville
(Tenn.), Oklahoma City, Orlando (Fla.), Philadelphia, Phoenix,
Pittsburgh, Raleigh (N.C.), Richmond (Va.), San Antonio, St. Louis,
Tampa (Fla.), Washington, D.C. and now Bakersfield (Calif.).

About Carvana (NYSE: CVNA)

Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA) mission is
to change the way people buy cars. By removing the traditional
dealership infrastructure and replacing it with technology and
exceptional customer service, Carvana offers consumers an intuitive and
convenient online automotive retail platform, with a fully transactional
website that enables consumers to quickly and easily buy a car online,
including finding their preferred vehicle, qualifying for financing,
completing the purchase and loan with signed contracts, and receiving
delivery or pickup of the vehicle from one of Carvana’s proprietary
automated Car Vending Machines.

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Kate Carver, 212-656-9148