September 1, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Carvana Co (NYSE:CVNA) shares over potential securities laws violations by Carvana Co and certain of its directors and officers in connection with certain financial statements was announced.



The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Carvana Co (NYSE:CVNA) concerning 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.

Temep, AZ based Carvana Co. is an e-commerce platform for buying used cars. On the Companys platform, consumers can research and identify a vehicle, inspect it using its proprietary 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle and schedule delivery or pick-up, all from their desktop or mobile devices. Carvana Co reported that its annual Total Revenue rose from $130.39 million in 2015 to $365.15 million in 2016

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.