NEW YORK, Aug. 21, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Carvana Co. ("Carvana" or the "Company") (NYSE: CVNA). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cvna.
The investigation concerns whether Carvana and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 18, 2017, Copperfield Research published a report alleging that Carvana overstated its Gross Prorit per Unit by about 24%-44% and violated a disclosure request by the SEC regarding its transportation costs. Following this news, Carvana stock dropped $0.97 per share or over 6% to close at $14.21 on August 18, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Carvana, you can assist this investigation by visiting the firm's site: www.bgandg.com/cvna. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.