NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Carvana Co. (NYSE:CVNA) resulting from allegations that Carvana may have issued materially misleading business information to the investing public.
On August 18, 2017, Copperfield Research published an article stating that it believes that Carvana overstated its Gross Profit per Unit by between 24%-44% and violated a disclosure request by the SEC concerning its transportation costs. On this news, shares of Carvana fell $0.97 per share or over 6% from its previous closing price to close at $14.21 per share on August 18, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Carvana investors. If you purchased shares of Carvana, please visit the firm’s website at http://www.rosenlegal.com/cases-1198.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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