Carrier Tuning of Stoner Ferromagnetism in ThCr$_{mathbf{2}}$Si$_{mathbf{2}}$-Structure Cobalt Arsenides

CaCo$_{2-y}$As$_2$ is an unusual itinerant magnet with signatures of extreme magnetic frustration. The conditions for establishing magnetic order in such itinerant frustrated magnets, either by reducing frustration or enhancing the Stoner parameter, is an open question. Here we use results from inelastic neutron scattering and magnetic susceptibility measurements and density functional theory calculations to show that hole doping in Ca(Co$_{1-x}$Fe$_{x}$)$_{2-y}$As$_{2}$ suppresses magnetic order by quenching the associated magnetic moment while maintaining the same level of magnetic frustration. The suppression is due to tuning the Fermi energy away from a peak in the electronic density of states originating from a flat conduction band. This results in the complete elimination of the magnetic moment by $xapprox0.25$, providing a clear example of a Stoner-like transition.