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HOUSE_OVERSIGHT_024302 - HOUSE_OVERSIGHT_024373
On November 1, 2014, DriveTime distributed the units of Carvana, LLC to the unit holders of DriveTime on a pro rata basis, which we refer to as the “Spinoff.” DriveTime is controlled by our controlling stockholder, Ernest Garcia II, who is also the father of our Chief Executive Officer, Emest Garcia III.
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