NEW YORK – (NewMediaWire) – January 4, 2025 – Kaplan Fox & Kilsheimer LLP Investigates Possible Securities Violations Carvan Co (NYSE:). (Carvana or Company) (NYSE: CVNA).
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If you are a Carvana investor and have suffered losses, you can CLICK HERE to contact us. You can also contact Kaplan Fox by emailing pmayer@kaplanfox.com or calling (646) 315-9003.
On January 2, 2025, Hindenburg Research published a report on Carvana (the Hindenburg Report). Hindenburg’s report said his investigation uncovered $800 million in loan sales to a suspected undisclosed related party, along with details of how accounting manipulations and weak underwriting fueled temporary reported revenue growth, all while insiders cashed in billions in stock. The Hindenburg report said the report was the product of an extensive review of documents and 49 interviews with industry experts, former Carvana employees, competitors and related parties of the company, conducted over 4 months, and that the company is subject to an undisclosed SEC investigation, according to Disclosure Insight, an intelligence firm according to to the Law on Freedom of Information.
On January 2, 2025, Carvana’s stock price fell $3.80 per share, nearly 2%, to $199.56 per share.
WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and results clients demand. Through litigating cases at the federal and state levels, Kaplan Fox has successfully shaped the law by making many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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