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September 01, 2020 1:43pm
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The Law Offices of Frank R. Cruz Announces Investigation of Carvana Co. (CVNA) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Carvana Co. (“Carvana” or the “Company”) (NYSE: CVNA) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On May 16, 2022, after the market closed, Automotive News reported that Carvana’s license had been suspended in Illinois “because the company failed to properly transfer titles for vehicles it sold and misused out-of-state temporary registration permits.” Illinois Secretary of State Police had “opened an investigation into consumer complaints about Carvana in February,” spanning “about 90 signed complaints.”

On this news, Carvana’s stock fell $3.35, or 8.7%, over the next two consecutive trading days to close at $35.05 on May 18, 2022, thereby injuring investors.

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If you purchased Carvana securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to, or visit our website at If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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