Walter's Shadow Falls on Carvana The recent federal investigation into billionaire Mark Walter's financial dealings has sent shockwaves through the market, with Carvana shares taking a significant hit as a result.
The probe is particularly noteworthy because of Walter's connection to Carvana, which gives him an indirect hold on 8% of the company's Class B common stock.
Walter's minority stake in CVAN Holdings LLC has been publicly disclosed, but it was largely overlooked until now.