Carvana Co.

Ticker: cvna

Class Period Start: 05/06/2020

Class Period End: 06/24/2022

Registration Deadline: 10/03/2022

A securities class action has been filed in the USDC, NJ against Carvana Co. (CVNA) on behalf of purchasers of the securities of Carvana Co. (NYSE: CVNA) between May 6, 2020 through June 24, 2022. 

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Carvana faced serious, ongoing issues with documentation, registration, and title with many of its vehicles;
  • as a result, Carvana was issuing unusually frequent temporary plates;
  • as a result of the foregoing, Carvana was violating laws and regulations in many existing markets;
  • as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets;
  • as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action;
  • Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues;
  • Carvana was facing imminent and ongoing regulatory actions including license suspensions, business cessation, and probation in several states and counties including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina; and
  • as a result, defendants’ statements about Carvana’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

Purchases

Sales

Please Note

Neither the submission to nor the receipt of information by Lowey Dannenberg or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

* Indicates a required field.

Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.