As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Carvana: CTC LLC, CTC Alternative Strategies Ltd., Sender Co & Partners Inc., Polar Asset Management Partners Inc., Millennium Management LLC, Capital Markets Trading UK LLP, Cubist Systematic Strategies LLC, Caption Management LLC, Nomura Holdings Inc., Twin Tree Management LP, Susquehanna International Group LLP, HAP Trading LLC, Kore Advisors LP, BNP Paribas Financial Markets, PEAK6 LLC, Torno Capital LLC, Quadcap Wealth Management LLC, Aristides Capital LLC, Jane Street Group LLC, Walleye Trading LLC, Walleye Capital LLC, Capital Fund Management S.A., Garda Capital Partners LP, Maven Securities LTD, Arrowpoint Investment Partners Singapore Pte. Ltd., HighTower Advisors LLC, Simplex Trading LLC, Belvedere Trading LLC, Warberg Asset Management LLC, JBF Capital Inc., Baader Bank Aktiengesellschaft, Monaco Asset Management SAM, Readystate Asset Management LP, Genus Capital Management Inc., Sequoia Financial Advisors LLC, FNY Investment Advisers LLC, CTC LLC, and CTC Alternative Strategies Ltd.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.