NYSE:CVNASpecialty Retail
Carvana Fraud Claims Test Valuation Gap And Analyst Optimism
Carvana (NYSE:CVNA) is facing serious fraud allegations related to its accounting and undisclosed related party transactions.
Several law firms have announced investigations into the company, and there are indications of a potential SEC probe.
Reports of systematic insider share sales by executives have added to concerns and weakened investor sentiment.
For shareholders in Carvana at a current share price of $350.94, these allegations come after a period of very large 3 year gains and a...