Value investor Clifford Sosin and his firm, CAS Investment Partners, dramatically increased their stake in Carvana (CVNA) during the second quarter of 2026. The firm boosted its holdings by nearly 400%, from 4.54 million shares to 22.56 million. Following the purchase, the reported value of CAS's investment in the online auto retailer stood at $1.48 billion.
This activity was disclosed in a quarterly 13F filing on August 14, which reflects trades made between April 1 and June 30. The buying occurred during a period when Carvana delivered record financial results, beating Wall Street estimates with a 52% year-over-year revenue increase. [2, 3, 6] Carvana represents an exceptionally large and concentrated bet for the investor, with the position accounting for 78.85% of the firm's reported portfolio.