As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Carvana: Wolverine Trading LLC, Nomura Holdings Inc., CTC LLC, Par Capital Management Inc., Man Group plc, LMR Partners LLP, Group One Trading LLC, Cubist Systematic Strategies LLC, BNP Paribas Financial Markets, Balyasny Asset Management L.P., Bank of America Corp DE, QVT Financial LP, Torno Capital LLC, Jane Street Group LLC, Volterra Technologies LP, DeepCurrents Investment Group LLC, Squarepoint Ops LLC, Alphadyne Asset Management LP, Qube Research & Technologies Ltd, Hunting Hill Global Capital LLC, Maven Securities LTD, Capital Markets Trading UK LLP, Capula Management Ltd, Walleye Capital LLC, Walleye Trading LLC, Capital Fund Management S.A., Aristides Capital LLC, JPMorgan Chase & Co., Hestia Capital Management LLC, Garda Capital Partners LP, Belvedere Trading LLC, FNY Investment Advisers LLC, Allianz Asset Management GmbH, Twin Tree Management LP, Vontobel Holding Ltd., and Quaker Wealth Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.