CAS Investment Partners, LLC: CARVANA CO (CVNA): Quarterly 13F Position History
As of Q1 2026, CAS Investment Partners, LLC reported 4,541,291 shares of CARVANA CO (CVNA), worth $1.4B and representing 81.7% of its 13F equity book. Quarter-over-quarter share count change: 68,909 (-1.5%) . The position first appeared in Q1 2018 and has been disclosed across 33 13F-HR filings in Pactolio's tracked window.
- 4,541,291Shares Held (Latest Filing)
- $1.4BReported Market Value (Latest Filing)
- 81.7%Portfolio Weight (% of 13F Equity Book)
- 68,909Quarter-over-Quarter Share Change
- -$517.9MQuarter-over-Quarter Value Change
- 6,827,803Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 33 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 4,541,291 | 68,909 | -1.5% | $1.4B | 81.7% | $314.4 |
| Q4 2025 | 4,610,200 | 279,474 | -5.7% | $1.9B | 83.2% | $422.0 |
| Q3 2025 | 4,889,674 | 32,594 | -0.7% | $1.8B | 82.3% | $377.2 |
| Q2 2025 | 4,922,268 | 762,761 | -13.4% | $1.7B | 80.8% | $337.0 |
| Q1 2025 | 5,685,029 | 692,768 | -10.9% | $1.2B | 77.2% | $209.1 |
| Q4 2024 | 6,377,797 | 75,797 | -1.2% | $1.3B | 75.5% | $203.4 |
| Q3 2024 | 6,453,594 | 77,300 | -1.2% | $1.1B | 74.5% | $174.1 |
| Q2 2024 | 6,530,894 | 0 | — | $840.7M | 65.7% | $128.7 |
| Q1 2024 | 6,530,894 | 296,909 | -4.3% | $574.1M | 51.4% | $87.9 |
| Q4 2023 | 6,827,803 | 0 | — | $361.5M | 43.7% | $52.9 |
| Q3 2023 | 6,827,803 | 0 | — | $286.6M | 36.7% | $42.0 |
| Q2 2023 | 6,827,803 | 0 | — | $177.0M | 26.9% | $25.9 |
| Q1 2023 | 6,827,803 | 0 | — | $66.8M | 13.7% | $9.8 |
| Q4 2022 | 6,827,803 | 0 | — | $32.4M | 7.7% | $4.7 |
| Q3 2022 | 6,827,803 | +100,000 | +1.5% | $138.6M | 25.3% | $20.3 |
| Q2 2022 | 6,727,803 | +2,564,900 | +61.6% | $151.9M | 23.0% | $22.6 |
| Q1 2022 | 4,162,903 | +848,600 | +25.6% | $496.6M | 33.2% | $119.3 |
| Q4 2021 | 3,314,303 | +9,275 | +0.3% | $768.2M | 40.1% | $231.8 |
| Q3 2021 | 3,305,028 | 0 | — | $996.6M | 47.5% | $301.5 |
| Q2 2021 | 3,305,028 | 0 | — | $997.5M | 42.4% | $301.8 |
| Q1 2021 | 3,305,028 | +100,000 | +3.1% | $867.2M | 44.3% | $262.4 |
| Q4 2020 | 3,205,028 | 401,946 | -11.1% | $767.7M | 42.5% | $239.5 |
| Q3 2020 | 3,606,974 | +232,690 | +6.9% | $804.6M | 55.8% | $223.1 |
| Q2 2020 | 3,374,284 | 450,000 | -11.8% | $453.7M | 48.9% | $134.4 |
| Q1 2020 | 3,824,284 | +1,049,366 | +37.8% | $210.7M | 46.3% | $55.1 |
| Q4 2019 | 2,774,918 | +170,087 | +6.5% | $255.4M | 42.0% | $92.0 |
| Q3 2019 | 2,604,831 | +69,500 | +2.7% | $171.9M | 38.0% | $66.0 |
| Q2 2019 | 2,535,331 | +10,000 | +0.4% | $158.7M | 40.7% | $62.6 |
| Q1 2019 | 2,525,331 | +357,565 | +16.5% | $146.6M | 43.8% | $58.1 |
| Q4 2018 | 2,167,766 | +111,607 | +5.4% | $70.9M | 26.9% | $32.7 |
| Q3 2018 | 2,056,159 | 0 | — | $121.5M | 36.9% | $59.1 |
| Q2 2018 | 2,056,159 | +48,091 | +2.4% | $92.9M | 32.3% | $45.2 |
| Q1 2018 | 2,008,068 | — | — | $46.0M | 20.1% | $22.9 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did CAS Investment Partners, LLC first disclose a CVNA position in 13F-HR filings?
CAS Investment Partners, LLC first reported CARVANA CO (CVNA) on its 13F-HR filing for the period ending 2018-03-31 (Q1 2018). The position has appeared on 33 reported quarters within Pactolio's tracked window.
What was CAS Investment Partners, LLC's most recent quarter-over-quarter share-count change in CVNA?
Between Q4 2025 and Q1 2026, CAS Investment Partners, LLC reduced its CVNA position by 68,909 shares (-1.5%), leaving 4,541,291 shares at a market value of $1.4B.
Does the implied price-per-share represent CAS Investment Partners, LLC's cost basis in CVNA?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.