NYSE: Carvana Co.

Carvana Co.

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Carvana Co. (NYSE: CVNA) between May 6, 2020 and June 24, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than October 3, 2022.

If you purchased Carvana securities between May 6, 2020 and June 24, 2022 and would like to join the action, please click “Join This Class Action.”

Class Period:May 6, 2020 and June 24, 2022
If you purchased Carvana securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

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;
  • Carvana was issuing unusually frequent temporary plates;
  • Carvana was violating laws and regulations in many existing markets;
  • Carvana risked its ability to continue business and/or expand its business in existing markets;
  • 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 of the foregoing, Defendants’ statements about Carvana’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Carvana Co.
Stock Symbol: CVNA
Class Period: May 6, 2020 through June 24, 2022
Court: United States District Court for the District of New Jersey

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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