Hindenburg Short Report Slams Carvana Over Alleged 'Grift'
Polarizing activist short-seller Hindenburg Research—known for its bombshell reports alleging corporate fraud and other malfeasance by companies including Nikola Corp. NASDAQ: NKLA and India's Adani Group—published on January 2, 2025, an article about its latest target: Carvana Co. NYSE: CVNA.
CVNA Short Seller Report & Nippon Takeover of U.S. Steel Blocked
Carvana (CVNA) traded down after Hindenburg Research called the company's turnaround a "mirage." Hindenburg accuses Carvana of shoring up its numbers through "related-party accounting games.
Levi & Korsinsky Reminds Shareholders of an Investigation into Carvana Co. (CVNA) Regarding Potential Securities Fraud Allegations
NEW YORK, NY / ACCESSWIRE / January 3, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Carvana Co. ("Carvana Co.") (NYSE:CVNA) concerning possible violations of federal securities laws. On January 2, 2025, Carvana became the subject of a report published by Hindenburg Research.
Carvana Stock Falls. JPMorgan, Others Defend Used-Car Retailer From Short Report.
Wall Street came to the used-car retailer's defense Friday after it was subject to a short seller attack.
Carvana Chart Weakens As Momentum Indicators Turn Bearish, Short Report Hits
Carvana Co. CVNA has been a rollercoaster for investors, with a jaw-dropping 327% rally over the past year overshadowed by a 21.97% dip in the last month.
US used car seller Carvana hits back at incendiary Hindenburg Research
American used car specialist Carvana has hit back at an incendiary report by Hindenburg Research, the short-seller, calling it intentionally misleading and inaccurate. The research pulls few punches on significant risks in its subprime loan portfolio and unsustainable growth.
Carvana Rejects Hindenburg Research Allegations of ‘Accounting Grift'
Hindenburg Research said Thursday (Jan. 2) that it has taken a short position in shares of online car dealer Carvana, alleging a “father-son accounting grift” at the firm.
Carvana Stock Slips as Short-Seller Calls Its 2024 Turnaround a 'Mirage'
Shares of Carvana (CVNA) slid Thursday as short-selling firm Hindenburg Research disclosed a short position in the online used-car retailer.
The Schall Law Firm Encourages Shareholders With Losses To Join An Inquiry Into Carvana Co. For Securities Fraud
LOS ANGELES, CA / ACCESSWIRE / January 2, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Carvana Co. ("Carvana" or "the Company") (NYSE:CVNA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Carvana shares tank after short-seller Hindenburg accuses firm of ‘grift for the ages'
Carvana shares dropped 3% by 3:30 p.m. on Thursday.
Hindenburg Shorts Carvana Stock, Claims Used Car Retailer's Turnaround Is A 'Mirage' (UPDATED)
Editor's Note: This story has been updated to include a statement from a Carvana spokesperson.
Hindenburg Research shorts Carvana, calling company's turnaround a 'mirage'
Hindenburg Research disclosed a short position in Carvana on Thursday, claiming the company's recent turnaround is a "mirage" that's being propped up by unstable loans and accounting manipulation. 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, who is Carvana's largest shareholder.
