NEW YORK, Jan. 28, 2026 /PRNewswire/ — Moore Law, PLLC, a shareholder litigation law firm located on Wall Street, is investigating potential claims against the officers and directors of:
- Carvana Co. (NYSE: CVNA) shareholders should email fletcher@fmoorelaw.com
What is the Investigation About?
Shares of Carvana drove off a cliff after short seller Gotham City Research released a report accusing the company of accounting irregularities and undisclosed related-party deals. On January 28, 2026, the stock fell roughly 20% to $376.46 before closing at $410.04.
Gotham’s short seller report claims Carvana overstated its 2023-2024 earnings by over $1 billion and leaned more heavily on related parties than previously revealed. Gotham City Research pointed to DriveTime’s leverage as a key factor propping up Carvana’s adjusted EBITDA — a profit metric excluding interest, taxes, and other costs. DriveTime reportedly burned through more than $1 billion in cash over 2023 and 2024, according to financials Gotham says it obtained via the Freedom of Information Act. The report also forecasts a delayed 2025 10-K filing and potential restatements of past annual reports, highlighting auditor Grant Thornton as a possible weak link.
If you own Carvana Co. (NYSE: CVNA), please contact Fletcher Moore at fletcher@fmoorelaw.com.
You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
MOORE LAW PLLC
30 Wall Street, 8th Floor
New York, NY 10005
(212) 709-8245
fletcher@fmoorelaw.com
www.fmoorelaw.com
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SOURCE Moore Law PLLC
