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Carvana shares fall 14% following short-seller accusations

admin January 29, 2026 0 Comments

A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III’s family. Gotham City Research alleged Wednesday that the online used car […]

Hindenburg shorts Carvana, calls turnaround a ‘mirage’

admin January 2, 2025 0 Comments

CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used car retailer’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 […]