Carvana: A Father-Son Accounting Grift For The Ages
Jan 2, 2025 · Carvana prides itself on a “simple, seamless and differentiated used car buying experience”, where customers can purchase cars online rather than in dealership showrooms. The company’s platform has been described as “the Amazon of cars” by Forbes.. In September 2023, amid fears of bankruptcy, the company “aggressively restructured”, working with creditors to slash $1.3 billion of ...
Carvana shares tank after short-seller Hindenburg accuses firm of ...
Jan 2, 2025 · Carvana shares tumbled on Thursday after short seller Hindenburg Research accused the used-car retailer of using shady tactics to create a “mirage” of a turnaround in a bombshell report.
Hindenburg Research shorts Carvana, calling company's …
Jan 2, 2025 · The report centers on Carvana's practice of loan sales as well as the business relationship between CEO Ernie Garcia III and his father, Ernest Garcia II.
Hindenburg Shorts Carvana, Accusing Firm of ‘Grift for the Ages’
Jan 2, 2025 · Carvana Co. was accused by prominent short-seller Hindenburg Research of impropriety in a report alleging that the auto retailer’s subprime loan portfolio carries substantial risk and its growth ...
Hindenburg Shorts Carvana, Alleging ‘Grift for the Ages’ (1)
Jan 2, 2025 · Carvana Co. was accused by prominent short-seller Hindenburg Research of impropriety in a report alleging that the auto retailer’s subprime loan portfolio carries substantial risk and its growth is unsustainable. Hindenburg took a short position on Carvana’s stock after conducting research that included interviewing former employees. The report, titled: “Carvana: A Father-Son Accounting ...
Hindenburg Research issues short report on Carvana - update
Jan 2, 2025 · Carvana (CVNA) faces scrutiny from Hindenburg Research, calling its turnaround a mirage, and using accounting tricks to bolster profitability. Read more here.
Hindenburg Research short on used-car retailer Carvana
Jan 2 (Reuters) - Hindenburg Research said on Thursday it was short on Carvana Co (CVNA.N), opens new tab, accusing the used-car retailer of insider trading and accounting manipulation. "Our ...
Carvana slammed by Hindenburg, and the stock pauses its …
Jan 2, 2025 · Hindenburg Research said it pored over documents and interviewed former Carvana employees, experts and competitors over four months, uncovering $800 million in loan sales to “a suspected ...
Carvana Shares Plummet After Scathing Report by Hindenburg Research
5 days ago · Carvana Co. shares dived, dropping 11% last Friday, after a scathing report from Hindenburg Research emerged, casting a heavy shadow on the company's claimed financial turnaround. The Tempe-based ...
Carvana under fire: Research report claims turnaround is a "mirage"
4 days ago · Carvana’s shares took a nose dive following the release of Hindenburg’s report, with the stock down roughly 11% to $177 a share at market close on Friday—the lowest the company’s stock has ...
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