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 · 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.
Carvana under fire: Research report claims turnaround is a "mirage"
5 days ago · Hindenburg Research, a well-known short seller, has targeted Carvana with allegations that its recent financial recovery is built on shaky foundations.
Hindenburg Shorts Carvana, Alleging ‘Grift for the Ages’
Jan 2, 2025 · 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 Grift for the ...
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 short on used-car retailer Carvana
Jan 2 (Reuters) - Hindenburg Research said on Thursday it was short on Carvana Co , opens new tab, accusing the used-car retailer of insider trading and accounting manipulation.
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.
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 ...
Hindenburg Research takes short position on Carvana. Here's why.
Jan 2, 2025 · Hindenburg Research has announced a short position on used car retail platform Carvana (CVNA), raising concerns about alleged accounting fraud and highlighting suspicious stock sales by former CEO ...
Carvana shares fall after Hindenburg Research calls turnaround …
Jan 3, 2025 · Shares of Carvana Co. fell 11% on Friday after activist short seller Hindenburg Research published a report accusing the Tempe-based used car retailer of lax car loan underwriting practices ...
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