NEW YORK – (NewMediaWire) – January 4, 2025 – Kaplan Fox & Kilsheimer LLP is investigating possible securities violations against… convoy Company (NYSE:). (Carvana or the Company) (NYSE: CVNA).
Click here for more information about this investigation
If you are a Carvana investor and have suffered losses, you can click here to contact us. You can also contact Kaplan Fox by email at pmayer@kaplanfox.com or by calling (646) 315-9003.
On January 2, 2025, Hindenburg Research published a report regarding Carvana (Hindenburg Report). The Hindenburg report claims its research uncovered $800 million in loan sales to an undisclosed suspected related party, along with details about how accounting manipulation and lax underwriting fueled reported temporary income growth, all while insiders cashed billions in stock. The Hindenburg report states that the report is the product of an extensive document review and 49 interviews with industry experts, former Carvana employees, competitors and parties related to the company, conducted over a 4-month period and that the company is subject to undisclosed Securities and Exchange Commission (SEC) oversight. investigation, according to Disclosure Insight, an intelligence firm operating under the Freedom of Information Act.
On January 2, 2025, Carvana's stock price fell $3.80 per share, nearly 2%, to close at $199.56 per share.
WHY CONTACT KAPLAN FOX – Kaplan FOX is a leading national law firm focused on complex litigation with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. With more than 50 years of experience in securities matters, Kaplan Fox provides the professional expertise and track record that clients demand. Prosecuting cases at the federal and state levels, Kaplan Fox has successfully shaped the law by winning 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, NY 10022
(646) 315-9003
pmayer@kaplanfox.com
Lawrence D. King
Kaplan Fox & Kilsheimer LLP
1999 Harrison Street, Suite 1560
Oakland, CA 94612
(415) 772-4704
lking@kaplanfox.com
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