Energy News / Shareholders Foundation, Inc.

NYSE:CVNA Shareholder Notice: Investigation over Possible Securities Laws Violations by Carvana Co

Via: ReleaseWire

Updated 12:00 PM CDT, Tue, September 05,2017

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 mail@shareholdersfoundation.com 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysecvna-shareholder-notice-investigation-over-possible-securities-laws-violations-by-carvana-co-858938.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com