CARVANA CO

Ticker: CVNA CUSIP: 146869102 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 36,218 Value ($000) $15,285 Avg Close $371.73 Range $285.02 - $485.33

Q3 2025

Shares 36,055 Value ($000) $13,601 Avg Close $357.61 Range $318.17 - $413.33

Q2 2025

Shares 35,338 Value ($000) $11,907 Avg Close $274.18 Range $148.25 - $351.43

Q1 2025

Shares 33,446 Value ($000) $6,993 Avg Close $221.24 Range $161.64 - $292.84

Q4 2024

Shares 33,086 Value ($000) $6,728 Avg Close $224.63 Range $171.82 - $268.34

Q3 2024

Shares 30,306 Value ($000) $5,277 Avg Close $143.59 Range $118.50 - $176.33

Q2 2024

Shares 27,669 Value ($000) $3,562 Avg Close $100.64 Range $67.61 - $136.92

Q1 2024

Shares 26,637 Value ($000) $2,342 Avg Close $61.03 Range $40.21 - $94.04

Q4 2023

Shares 25,317 Value ($000) $1,340 Avg Close $37.45 Range $25.09 - $62.59

Q3 2023

Shares 25,698 Value ($000) $1,079 Avg Close $43.01 Range $23.43 - $57.19

Q2 2023

Shares 25,321 Value ($000) $656 Avg Close $13.87 Range $6.70 - $29.13

Q1 2023

Shares 26,094 Value ($000) $255 Avg Close $8.67 Range $4.23 - $19.87

Q4 2022

Shares 25,376 Value ($000) $120 Avg Close $10.56 Range $3.55 - $23.97

Q3 2022

Shares 24,425 Value ($000) $496 Avg Close $32.61 Range $19.45 - $58.05

Q2 2022

Shares 26,556 Value ($000) $600 Avg Close $52.61 Range $19.80 - $134.68

Q1 2022

Shares 21,442 Value ($000) $2,558 Avg Close $145.81 Range $97.70 - $240.59

Q4 2021

Shares 20,707 Value ($000) $4,800 Avg Close $275.07 Range $194.69 - $309.50

Q3 2021

Shares 20,451 Value ($000) $6,167 Avg Close $332.52 Range $294.99 - $376.83

Q2 2021

Shares 19,926 Value ($000) $6,014 Avg Close $272.01 Range $219.40 - $319.50

Q1 2021

Shares 18,315 Value ($000) $4,806 Avg Close $275.59 Range $229.26 - $323.39

Q4 2020

Shares 17,920 Value ($000) $4,293 Avg Close $228.56 Range $179.24 - $292.76

Q3 2020

Shares 18,781 Value ($000) $4,189 Avg Close $177.30 Range $119.38 - $235.00

Q2 2020

Shares 14,419 Value ($000) $1,733 Avg Close $93.66 Range $44.00 - $131.86

Q1 2020

Shares 11,220 Value ($000) $618 Avg Close $77.37 Range $22.16 - $115.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	36,218	$15,285	$371.73	$285.02 - $485.33
Q3 2025	36,055	$13,601	$357.61	$318.17 - $413.33
Q2 2025	35,338	$11,907	$274.18	$148.25 - $351.43
Q1 2025	33,446	$6,993	$221.24	$161.64 - $292.84
Q4 2024	33,086	$6,728	$224.63	$171.82 - $268.34
Q3 2024	30,306	$5,277	$143.59	$118.50 - $176.33
Q2 2024	27,669	$3,562	$100.64	$67.61 - $136.92
Q1 2024	26,637	$2,342	$61.03	$40.21 - $94.04
Q4 2023	25,317	$1,340	$37.45	$25.09 - $62.59
Q3 2023	25,698	$1,079	$43.01	$23.43 - $57.19
Q2 2023	25,321	$656	$13.87	$6.70 - $29.13
Q1 2023	26,094	$255	$8.67	$4.23 - $19.87
Q4 2022	25,376	$120	$10.56	$3.55 - $23.97
Q3 2022	24,425	$496	$32.61	$19.45 - $58.05
Q2 2022	26,556	$600	$52.61	$19.80 - $134.68
Q1 2022	21,442	$2,558	$145.81	$97.70 - $240.59
Q4 2021	20,707	$4,800	$275.07	$194.69 - $309.50
Q3 2021	20,451	$6,167	$332.52	$294.99 - $376.83
Q2 2021	19,926	$6,014	$272.01	$219.40 - $319.50
Q1 2021	18,315	$4,806	$275.59	$229.26 - $323.39
Q4 2020	17,920	$4,293	$228.56	$179.24 - $292.76
Q3 2020	18,781	$4,189	$177.30	$119.38 - $235.00
Q2 2020	14,419	$1,733	$93.66	$44.00 - $131.86
Q1 2020	11,220	$618	$77.37	$22.16 - $115.23