Short seller Hindenburg Research on Thursday accused Carvana of running an “accounting grift for the ages” in a bombshell report — sending shares of the used-car retailer tumbling.

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.

Carvana's turnaround is overshadowed by its inflated valuation and questionable financial practices. Read why it's best to ...

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 ...