Carvana Co. Faces Legal Scrutiny Amidst Stock Volatility
Carvana Carvana (US:CVNA) 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]