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Carvana dives after short seller criticizes ties to lenders
Carvana stock fell about 20% on Wednesday after a short-seller report alleged the company's earnings depended on shaky loans ...
The report alleges that Carvana was subsidized by DriveTime, the private company it was spun out of. A year ago, Carvana called similar claims misleading and inaccurate.
Carvana Co (NYSE:CVNA) shares are trading lower on Wednesday after short seller Gotham City Research released a critical ...
Firm releases report questioning related-party arrangements as online auto dealer has reported a surge in profitability ...
Because its Bridgecrest unit consolidates bankruptcy-remote trusts, BTIG said the allegations “incorrectly” treat ...
Gotham City Research has accused Carvana of overstating its 2023 and 2024 earnings by more than $1b. The short seller points to alleged accounting irregularities and undisclosed related party deals ...
After the report, written by Gotham City Research but not naming an author, was released, the share value tumbled about 14%.
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