Carvana Co. announced the pricing of its initial public offering of 15,000,000 shares of its Class A common stock at a price to the public of $15.00 per share. The shares are expected to begin trading on the New York Stock Exchange on April 28, 2017 under the symbol “CVNA.” The offering is expected to close on May 3, 2017, subject to customary closing conditions.
 
Carvana has granted the underwriters a 30-day option to purchase up to 2,250,000 additional shares of Class A common stock.
 
Wells Fargo Securities, LLC, BofA Merrill Lynch, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., BMO Capital Markets Corp. and JMP Securities LLC are acting as co-managers.
 
The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, or by phone at 1-800-326-5897, or by email at [email protected] and BofA Merrill Lynch, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or by email at [email protected].