Summary by Futu AI
CAS Investment Partners, LLC, an investment adviser registered with the SEC, has filed an amendment to Form SC 13G, reporting a 5.0% ownership stake in Carvana Co. This stake amounts to 6,453,594 shares of Class A Common Stock as of September 30, 2024. The filing, dated November 14, 2024, indicates that CAS Investment Partners, LLC has sole voting and dispositive power over the shares, which are owned by Sosin Master, L.P. and CSWR Partners, L.P. Clifford Sosin, the Managing Member of CAS Investment Partners, LLC, disclaims beneficial ownership of these shares. The filing is made under Rule 13d-1(b) of the Securities Exchange Act of 1934 and is based on Carvana's total shares outstanding as reported in their most recent Form 10-Q filed on October 30, 2024.