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In re Carvana Co. Securities Litigation — U.S. District Court, D. Ariz.

In re Carvana Co Securities Litigation — 39 court filings in the archive, mostly from U.S. District Court for the District of Arizona, filed between August 3, 2022 and April 27, 2026. Among them: 14 exhibits, 3 motions and 12 orders.

Case facts

CourtU.S. District Court for the District of Arizona (21 filings); U.S. District Court, District of Arizona (2 filings)
Filings39 public filings
Filed2022-08-03 – 2026-04-27
Document typesexhibits (14), motions (3), orders (12), declarations (2), complaint (1), transcript (1)
Original PDFs39 of 39

Case summary

In re Carvana Co. Securities Litigation, No. CV-22-02126-PHX-MTL in the U.S. District Court for the District of Arizona, is a consolidated securities class action brought on behalf of purchasers of Carvana Class A common stock between May 6, 2020 and November 3, 2022. The consolidated complaint filed February 14, 2023 asserts violations of the federal securities laws against Carvana, its controlling shareholder, founders and certain officers, and pleads Securities Act claims as well. An order of February 29, 2024 granted the motions to dismiss, dismissed all defendants without prejudice and gave leave to amend, directing the plaintiffs to identify each allegedly false or misleading statement. An amended consolidated complaint followed on March 29, 2024. The page's latest filings, dated April 27, 2026, concern a privilege log dispute.

Case at a glance

PartiesLead plaintiffs including United Association National Pension Fund, on behalf of purchasers of Carvana Class A common stock; defendants Carvana Co., Ernest Garcia III, Mark Jenkins and other officers and the controlling shareholder, together with underwriter defendants
Court and docketU.S. District Court for the District of Arizona, No. 2:22-cv-02126-MTL
ProgramNo relief program. The class period begins in May 2020 and the claims concern statements about the company's retail units sold and stock price
ClaimsViolations of the federal securities laws, including a claim under Section 10(b) of the Securities Exchange Act and Rule 10b-5, and Securities Act claims under Sections 11 and 15
Disposition or statusPending. The February 29, 2024 order granted the motions to dismiss, dismissed all defendants without prejudice and granted leave to amend; an amended consolidated complaint was filed March 29, 2024 and a further motion to dismiss on May 24, 2024. Filings continue through April 27, 2026
Status checked2026-09-23 · against DOJ press releases through 2026-09-22; court docket not yet read

What does the consolidated complaint allege?

That the defendants engaged in what it calls a pump-and-dump scheme to inflate the company's retail units sold and stock price, and it pleads insider stock sales during the class period as support for scienter. These are allegations.

What did the court decide on the first motion to dismiss?

On February 29, 2024 the court held that the plaintiffs failed to meet the pleading standards for their Section 10(b) and Rule 10b-5 claim and dismissed it with leave to amend, dismissed the Section 15 claim because no Section 11 claim was alleged against the individual Securities Act defendants, granted the defendants' motion and the underwriters' joinder, and dismissed all defendants without prejudice.

What is the case doing now?

Litigating discovery. The page holds a June 2025 hearing transcript and, on April 27, 2026, a motion to compel in camera review of documents withheld on privilege grounds together with nine exhibits of correspondence about privilege logs.

Summary written from the documents on this page; every sentence is sourced.

Filings

39 public filings from this case, in filing-date order.

  1. Complaint — In re Carvana SecuritiesComplaint · PDF
  2. Consolidated Complaint — In re Carvana Securities (D. Ariz.)PDF
  3. Order on Motion to Dismiss — In re Carvana SecuritiesOrder · PDF
  4. Amended Consolidated Complaint — In re Carvana SecuritiesPDF
  5. Order on Motions to Dismiss — In re Carvana SecuritiesOrder · PDF
  6. Motion to Dismiss Amended Complaint — In re Carvana SecuritiesMotion · PDF
  7. Joinder in Motion to Dismiss — In re Carvana SecuritiesPDF
  8. Order Denying Reconsideration — In re Carvana SecuritiesOrder · PDF
  9. Hearing Transcript — In re Carvana SecuritiesTranscript · PDF
  10. Order on Confidential Witnesses — In re Carvana SecuritiesOrder · PDF
  11. Order on Hyperlinked Documents — In re Carvana SecuritiesOrder · PDF
  12. Order Modifying Scheduling Order — In re Carvana SecuritiesOrder · PDF
  13. Order on Motion to Compel FEC Compliance — In re Carvana SecuritiesOrder · PDF
  14. Order Granting Motion to Seal Exhibits — In re Carvana SecuritiesOrder · PDF
  15. Reply Brief — In re Carvana SecuritiesResponse or reply · PDF
  16. Order on ESI Search Terms — In re Carvana SecuritiesOrder · PDF
  17. Motion to Seal Reply on Search Terms — In re Carvana SecuritiesMotion · PDF
  18. Fallon Declaration — In re Carvana SecuritiesPDF
  19. Carvana Defendants' Initial DisclosuresPDF
  20. Order Compelling Garcia Sr. ESI Compliance — In re Carvana SecuritiesOrder · PDF
  21. Declaration of Kariyawasam in Support of Opposition to Motion to Compel — In re Carvana Securities (D. Ariz.)Declaration · PDF
  22. Exhibit 3: April 2022 Equity Offering Email — In re Carvana SecuritiesExhibit · PDF
  23. Exhibit 4: April 2022 Launch PR Email — In re Carvana SecuritiesExhibit · PDF
  24. Order on Deposition Time Allocation — In re Carvana SecuritiesOrder · PDF
  25. Order Denying Motion to Compel Privilege Waiver — In re Carvana SecuritiesOrder · PDF
  26. Declaration in Support of Motion to CompelDeclaration · PDF
  27. Exhibit 10 — In re Carvana SecuritiesExhibit · PDF
  28. Exhibit 11 — In re Carvana SecuritiesExhibit · PDF
  29. Exhibit 12 — In re Carvana SecuritiesExhibit · PDF
  30. Exhibit 14 — In re Carvana SecuritiesExhibit · PDF
  31. Exhibit 2 — In re Carvana SecuritiesExhibit · PDF
  32. Exhibit 3 — In re Carvana SecuritiesExhibit · PDF
  33. Exhibit 4 — In re Carvana SecuritiesExhibit · PDF
  34. Exhibit 5 — In re Carvana SecuritiesExhibit · PDF
  35. Exhibit 6 — In re Carvana SecuritiesExhibit · PDF
  36. Exhibit 7 — In re Carvana SecuritiesExhibit · PDF
  37. Exhibit 8 — In re Carvana SecuritiesExhibit · PDF
  38. Exhibit 9 — In re Carvana SecuritiesExhibit · PDF
  39. Motion to Compel In Camera Review — In re Carvana SecuritiesMotion · PDF

More documents from this docket

2 more documents from the same CourtListener docket (gov.uscourts.azd.1319766) are in the archive but are not among the 39 filings above.

  1. Court Filing — AZD Case 1319766, Doc. 186Transcript
  2. Notice (2025-09-10)Notice

Court, dates and docket numbers are as recorded on the filings.

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