NEW YORK CITY, NY / ACCESSWIRE / January 12, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Carvana Co. ("Carvana" or "the Company") (NYSE:CVNA). Investors who purchased Carvana securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CVNA.
Investigation Details
On January 2, 2025, Hindenburg Research published a report on Carvana titled: "Carvana: A Father-Son Accounting Grift For The Ages." The report alleges that the Company's turnaround is a "mirage" and claims it's "research uncovered $800 million in loan sales to a suspected undisclosed related party, along with details on how accounting manipulation and lax underwriting have fueled temporary reported income growth - all while insiders cash out billions in stock." Following this news, Carvana's stock dropped, thereby damaging investors.
What's Next?
If you are aware of any facts relating to this investigation or purchased Carvana securities, you can assist this investigation by visiting the firm's site: bgandg.com/CVNA. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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