Hindenburg Research, a well-known short seller, has targeted Carvana with allegations that its recent financial recovery is built on shaky foundations. The firm accused Carvana of relying on ...
The report centers on Carvana’s practice of loan sales as well as the business relationship between CEO Ernie Garcia III and ...
Shares of Carvana Co. fell 11% on Friday after activist short seller Hindenburg Research published a report accusing the Tempe-based used car retailer of lax car loan underwriting practices ...
E-commerce-based used-car retailer, Carvana (NYSE: CVNA) has experienced a remarkable turnaround, rebounding from a near-bankruptcy situation in late 2022, when its stock traded at under $5 ...
Carvana stock slid Thursday after short-seller Hindenburg Research revealed a short position in the company. The firm said Carvana's significant turnaround in 2024 is a "mirage" built in part on ...
Carvana's improving financial performance has catapulted the stock higher. The business must deal with a huge debt burden. Shares now trade at a very expensive valuation compared to their past ...
Carvana's (CVNA) shares are retreating for a second straight day after a short seller issued a negative report about the firm yesterday. Today CVNA stock is giving back 5%. Carvana specializes in ...
Hindenburg Research disclosed a short position in Carvana on Thursday, claiming the company's recent turnaround is a "mirage" that is being propped up by unstable loans and accounting manipulation.