An investigation for investors in Carvana Co (NYSE:CVNA) shares over potential securities laws violations by Carvana Co was announced.
San Diego, CA -- (SBWIRE) -- 09/05/2017 -- An investigation was announced for investors in NYSE:CVNA shares over potential securities laws violations by Carvana Co and certain of its directors and officers.
Investors who purchased shares of Carvana Co (NYSE:CVNA), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Carvana regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 18, 2017, a report was published alleging that Carvana Co overstated its Gross Prorit per Unit by about 24%-44% and violated a disclosure request by the SEC regarding its transportation costs. Shares of Carvana Co (NYSE:CVNA) declined on August 21, 2017 to $13.44 per share.
On September 1, 2017, NYSE:CVNA shares closed at $17.34 per share.
Those who purchased shares of Carvana Co (NYSE:CVNA) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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