Kirby McInerney LLP Investigates Potential Securities Fraud in Carvana Co.
ByAinvest
Thursday, Jan 29, 2026 6:02 pm ET1min read
CVNA--
Kirby McInerney LLP is investigating Carvana Co. for potential securities fraud after a Gotham City Research short seller report alleged undisclosed related-party transactions with DriveTime and Bridgecrest. The report claims DriveTime burned over $1 billion in cash to subsidize Carvana's earnings, and that Bridgecrest marked down billions in loans. The price of Carvana shares declined by $67.68 per share after the report was released. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
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