FMP
Feb 02, 2026
Carvana Co. (NYSE:CVNA) is a prominent online platform for buying and selling used cars. The company has gained attention for its innovative approach to car sales, including its car vending machines and home delivery services. However, Carvana faces competition from traditional car dealerships and other online platforms like Vroom and Shift Technologies.
The Rosen Law Firm is investigating potential securities claims against Carvana. This follows allegations that Carvana may have issued misleading business information. A Wall Street Journal article reported a 14% drop in Carvana's stock after a short seller's report suggested the company's earnings relied more on private companies linked to its controlling shareholders than previously disclosed.
Despite these allegations, Wells Fargo maintained an "Overweight" rating for Carvana on January 27, 2026. At that time, Carvana's stock was priced at $473.81. Wells Fargo also raised its price target for Carvana from $500 to $525, indicating confidence in the company's future performance.
Currently, Carvana's stock is priced at approximately $416.98 on the NYSE, reflecting a 3.96% increase or $15.87. The stock has fluctuated between a low of $391 and a high of $418.99 today. Over the past year, Carvana's stock has reached a high of $486.89 and a low of $148.25, showcasing significant volatility.
Carvana's market capitalization is approximately $90.4 billion, with a trading volume of 1,527,499 shares. The Rosen Law Firm's investigation and potential class action could impact investor sentiment and the company's stock performance in the future.
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