Group 1 - Carvana Co. operates the leading ecommerce platform for buying and selling used cars in the US, leveraging significant efficiencies from nationwide scale [1] - The company has amassed significant scale, which contributes to its operational efficiencies [1] Group 2 - The investment philosophy focuses on identifying mispriced securities by understanding the drivers behind a company's financials, often revealed through a DCF model valuation [1] - This methodology allows for a flexible approach to investing, considering all prospects of a stock to determine risk-to-reward [1]