CAS Investment Partners, LLC — CARVANA CO CVNA: Quarterly 13F Position History
CAS Investment Partners, LLC has reported CARVANA CO (CVNA) on 33 13F-HR filings in Pactolio's tracked window, first appearing in Q1 2018. As of Q1 2026, the position is sized at 4,541,291 shares ($1.43B market value, 81.67% of the equity book). Quarter-over-quarter share count change: 68,909 (-1.5%) .
- 4,541,291Shares Held (Latest Filing)
- $1.43BReported Market Value (Latest Filing)
- 81.67%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% | $1.43B | 81.67% | $314.38 |
| Q4 2025 | 4,610,200 | 279,474 | -5.7% | $1.95B | 83.25% | $422.02 |
| Q3 2025 | 4,889,674 | 32,594 | -0.7% | $1.84B | 82.26% | $377.24 |
| Q2 2025 | 4,922,268 | 762,761 | -13.4% | $1.66B | 80.82% | $336.96 |
| Q1 2025 | 5,685,029 | 692,768 | -10.9% | $1.19B | 77.19% | $209.08 |
| Q4 2024 | 6,377,797 | 75,797 | -1.2% | $1.30B | 75.53% | $203.36 |
| Q3 2024 | 6,453,594 | 77,300 | -1.2% | $1.12B | 74.52% | $174.11 |
| Q2 2024 | 6,530,894 | 0 | — | $840.7M | 65.65% | $128.72 |
| Q1 2024 | 6,530,894 | 296,909 | -4.3% | $574.1M | 51.45% | $87.91 |
| Q4 2023 | 6,827,803 | 0 | — | $361.5M | 43.72% | $52.94 |
| Q3 2023 | 6,827,803 | 0 | — | $286.6M | 36.75% | $41.98 |
| Q2 2023 | 6,827,803 | 0 | — | $177.0M | 26.95% | $25.92 |
| Q1 2023 | 6,827,803 | 0 | — | $66.8M | 13.71% | $9.79 |
| Q4 2022 | 6,827,803 | 0 | — | $32.4M | 7.73% | $4.74 |
| Q3 2022 | 6,827,803 | +100,000 | +1.5% | $138.6M | 25.30% | $20.30 |
| Q2 2022 | 6,727,803 | +2,564,900 | +61.6% | $151.9M | 23.04% | $22.58 |
| Q1 2022 | 4,162,903 | +848,600 | +25.6% | $496.6M | 33.24% | $119.29 |
| Q4 2021 | 3,314,303 | +9,275 | +0.3% | $768.2M | 40.09% | $231.79 |
| Q3 2021 | 3,305,028 | 0 | — | $996.6M | 47.50% | $301.54 |
| Q2 2021 | 3,305,028 | 0 | — | $997.5M | 42.43% | $301.82 |
| Q1 2021 | 3,305,028 | +100,000 | +3.1% | $867.2M | 44.31% | $262.40 |
| Q4 2020 | 3,205,028 | 401,946 | -11.1% | $767.7M | 42.54% | $239.54 |
| Q3 2020 | 3,606,974 | +232,690 | +6.9% | $804.6M | 55.77% | $223.06 |
| Q2 2020 | 3,374,284 | 450,000 | -11.8% | $453.7M | 48.85% | $134.45 |
| Q1 2020 | 3,824,284 | +1,049,366 | +37.8% | $210.7M | 46.33% | $55.09 |
| Q4 2019 | 2,774,918 | +170,087 | +6.5% | $255.4M | 42.01% | $92.05 |
| Q3 2019 | 2,604,831 | +69,500 | +2.7% | $171.9M | 37.97% | $66.00 |
| Q2 2019 | 2,535,331 | +10,000 | +0.4% | $158.7M | 40.66% | $62.59 |
| Q1 2019 | 2,525,331 | +357,565 | +16.5% | $146.6M | 43.81% | $58.06 |
| Q4 2018 | 2,167,766 | +111,607 | +5.4% | $70.9M | 26.91% | $32.71 |
| Q3 2018 | 2,056,159 | 0 | — | $121.5M | 36.93% | $59.09 |
| Q2 2018 | 2,056,159 | +48,091 | +2.4% | $92.9M | 32.28% | $45.17 |
| Q1 2018 | 2,008,068 | — | — | $46.0M | 20.10% | $22.93 |
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 $1.43B.
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.