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Investors Who Lost Money In Carvana Stock Should Contact Block & Leviton LLP To Potentially Recover Losses
TMX Newsfile· 2026-02-03 18:42
Core Viewpoint - Block & Leviton is investigating Carvana Co. for potential securities law violations following a report alleging that the company's profitability is based on undisclosed related-party transactions [1][2]. Group 1: Investigation Details - Carvana's shares fell over 20% on January 28 after Gotham City Research reported that the company's earnings were subsidized by DriveTime, which reportedly burned over $1 billion in cash while leveraging 20x to 40x EBITDA [2]. - The report also claims that Bridgecrest marked down billions in loans as Carvana recognized gains on loan sales, raising concerns about the company's financial practices [2]. Group 2: Eligibility and Actions - Investors who purchased Carvana Co. common stock and experienced a decline in share value may be eligible to participate in the investigation, regardless of whether they sold their investment [3]. - Block & Leviton is actively investigating potential securities law violations and may file actions to recover losses for affected investors [4]. Group 3: Whistleblower Information - Individuals with non-public information about Carvana Co. are encouraged to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [6]. Group 4: Firm's Reputation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
CARVANA STOCK NOTICE: Carvana Co. (CVNA) Investigated for Misleading Investors – BFA Law Notifies Investors to Contact the Firm
Globenewswire· 2026-02-03 11:36
Core Viewpoint - Carvana Co. is under investigation for potential violations of federal securities laws due to significant stock price drops linked to claims of accounting improprieties [1][2]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Carvana for possible overstated earnings and improper accounting of related party transactions [3]. - The investigation follows a report by Gotham City Research LLC, which claims that Carvana's financial results are closely tied to related party entities controlled by Ernest Garcia II, indicating potential accounting irregularities [4]. Group 2: Stock Performance - Carvana's stock price fell over 20% on January 28, 2026, dropping from $474.06 per share to a low of $374.55 per share following the release of the Gotham City report [5]. - The report alleges that hidden relationships within Carvana's financial structure may have overstated earnings by over $1 billion, posing substantial risks to investors [4].
Carvana Co. Faces Legal Scrutiny Amidst Stock Volatility
Financial Modeling Prep· 2026-02-03 00:00
Core Insights - Carvana Co. is a leading online platform for buying and selling used cars, known for its innovative sales methods such as car vending machines and home delivery services [1] - The company faces competition from traditional dealerships and other online platforms like Vroom and Shift Technologies [1] Investigation and Stock Performance - The Rosen Law Firm is investigating Carvana for potential securities claims due to allegations of misleading business information, which led to a 14% drop in stock price following a short seller's report [2] - Despite the allegations, Wells Fargo has maintained an "Overweight" rating for Carvana, raising its price target from $500 to $525, indicating confidence in the company's future [3] - Currently, Carvana's stock is priced at approximately $416.98, reflecting a 3.96% increase, with a yearly high of $486.89 and a low of $148.25, demonstrating significant volatility [4][6] Market Capitalization and Trading Volume - Carvana's market capitalization is approximately $90.4 billion, with a trading volume of 1,527,499 shares [5][6]
CVNA NOTIFICATION: Carvana Co. Investigated for Securities Fraud in wake of Gotham Report, Investors with Losses Alerted to Contact BFA Law
TMX Newsfile· 2026-02-02 09:46
Core Viewpoint - Carvana Co. is under investigation for potential violations of federal securities laws due to significant stock price drops linked to claims of accounting improprieties [2][3]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Carvana for possible overstated earnings and improper accounting of related party transactions [3]. - The investigation follows a report by Gotham City Research LLC, which claims that Carvana's financial results are closely tied to related party entities controlled by Ernest Garcia II, indicating potential accounting irregularities [4]. Group 2: Stock Performance - Carvana's stock price fell over 20% on January 28, 2026, dropping from $474.06 per share to a low of $374.55 per share following the release of the Gotham City report [5]. - The report alleges that hidden relationships within Carvana's financial structure may have overstated earnings by over $1 billion, posing substantial risks to investors [4]. Group 3: Company Overview - Carvana operates as an online e-commerce platform and used-car retailer, generating revenue primarily from online vehicle sales and auto loans, which are often securitized or sold [3].
Carvana Co. (NYSE: CVNA) Under Investigation Amid Allegations
Financial Modeling Prep· 2026-02-02 00:00
Core Insights - Carvana Co. is under investigation by Bragar Eagel & Squire, P.C. for potential violations of federal securities laws and unlawful business practices related to undisclosed related-party transactions with DriveTime and Bridgecrest [1][5] - Gotham City Research alleges that DriveTime has spent over $1 billion in cash and leveraged up to 20 to 40 times EBITDA to support Carvana's earnings, while Bridgecrest has marked down billions in loans that Carvana recognized as gains [2] - Following these allegations, Carvana's stock price dropped by $67.68 per share, or approximately 14.2%, from $477.72 to $410.04 within a day [3] - Despite the stock price decline, Wells Fargo has maintained an "Overweight" rating on Carvana, increasing its price target from $500 to $525, indicating some analysts still see potential in the stock [3][5] Stock Performance - As of the latest update, Carvana's stock price is $401.11, reflecting a decrease of 6.16% or $26.33, with fluctuations between a low of $396.61 and a high of $427.50 on the same day [4] - Over the past year, Carvana's stock has experienced significant volatility, with a high of $486.89 and a low of $148.25 [4] - The company's market capitalization is approximately $86.96 billion, with a trading volume of 3,837,659 shares on the NYSE [4]
CVNA STOCK ALERT: Carvana Co. Investors are Encouraged to Act in Securities Investigation into Gotham Report – Contact BFA Law if You Lost Money
Globenewswire· 2026-02-01 10:36
Core Viewpoint - Carvana Co. is under investigation for potential violations of federal securities laws due to significant stock price drops linked to claims of accounting improprieties [2][3]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Carvana for possible securities fraud [1]. - The investigation focuses on whether Carvana overstated its earnings and improperly accounted for related party transactions [3]. Group 2: Stock Performance - Carvana's stock price fell over 20% on January 28, 2026, dropping from $474.06 to a low of $374.55 per share [5]. - The decline was triggered by a report from Gotham City Research LLC, which alleged that Carvana's financial results were significantly affected by undisclosed transactions and debts related to entities controlled by Ernest Garcia II [4]. Group 3: Financial Implications - The Gotham City report claims that hidden relationships within Carvana's financial structure may have overstated earnings by over $1 billion, posing substantial risks to investors [4].
CVNA ANNOUNCEMENT: If You Have Suffered Losses in Carvana (NYSE: CVNA), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Globenewswire· 2026-01-31 22:06
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Carvana Co. due to allegations of materially misleading business information being issued to the investing public [1]. Group 1: Investigation and Allegations - The investigation is prompted by a report from a short seller that claims Carvana's earnings are significantly dependent on private companies linked to its controlling shareholders [3]. - Following the release of this report, Carvana's stock price experienced a decline of 14% on January 28, 2026 [3]. Group 2: Class Action Details - Shareholders who purchased Carvana securities may be eligible for compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. - Interested investors can join the class action by visiting the provided link or contacting the law firm directly [2]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].
CVNA REMINDER: Carvana Co. Investors are Reminded of BFA Law's Ongoing Securities Fraud Investigation into Gotham Report Allegations for Investors Seeking Recovery
TMX Newsfile· 2026-01-31 13:18
Core Viewpoint - Carvana Co. is under investigation for potential violations of federal securities laws due to significant stock price drops linked to claims of accounting improprieties [2][3]. Company Overview - Carvana is an online e-commerce platform and used-car retailer that enables customers to buy, sell, or finance vehicles entirely online. A substantial portion of its revenue is derived from online vehicle sales and auto loans, which are often securitized or sold to external parties [3]. Investigation Details - The investigation by Bleichmar Fonti & Auld LLP focuses on whether Carvana overstated its earnings and improperly accounted for related party transactions [3]. - Gotham City Research LLC issued a report alleging that Carvana's financial results are closely tied to a network of related party entities controlled by Ernest Garcia II, which includes DriveTime, Bridgecrest, and GoFi. The report claims that these relationships led to an overstatement of Carvana's earnings by over $1 billion [4]. Stock Performance - Following the release of the Gotham City report on January 28, 2026, Carvana's stock price fell over 20%, dropping from $474.06 per share at market open to a low of $374.55 per share [5].
Rosen Law Firm Encourages Carvana Co. Investors to Inquire About Securities Class Action Investigation - CVNA
Prnewswire· 2026-01-31 02:55
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Carvana Co. due to allegations of materially misleading business information [1] Group 1: Investigation and Allegations - The investigation is prompted by a report from a short seller that claims Carvana's earnings are significantly dependent on private companies linked to its controlling shareholders [3] - Following the release of this report, Carvana's stock price experienced a decline of 14% on January 28, 2026 [3] Group 2: Class Action Information - Shareholders who purchased Carvana securities may be eligible for compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company [4] - The firm has been ranked highly for its number of securities class action settlements and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]
CARVANA ALERT: Bragar Eagel & Squire, P.C. is Investigating Carvana Co. on Behalf of Carvana Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2026-01-30 19:46
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Carvana Co. regarding violations of federal securities laws and unlawful business practices [1][2]. Investigation Details - A report by Gotham City Research alleged that Carvana's reported profitability is based on undisclosed related-party transactions with DriveTime and Bridgecrest, claiming that DriveTime incurred over $1 billion in cash losses while leveraging 20x to 40x EBITDA to support Carvana's earnings [2] - Following the report, Carvana's share price dropped by $67.68, approximately 14.2%, from $477.72 on January 27, 2026, to close at $410.04 on January 28, 2026 [2]. Next Steps - Investors who purchased or acquired Carvana shares and experienced losses are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and potential claims [3]. About Bragar Eagel & Squire, P.C. - Bragar Eagel & Squire, P.C. is a nationally recognized law firm with a focus on representing individual and institutional investors in various types of litigation, including securities and consumer protection [4].