Carvana: A Father-Son Accounting Grift For The Ages
Jan 2, 2025 · Carvana is a $44 billion online car dealer founded in 2012. Its main business is an online platform that allows retail customers to buy and sell used cars. Despite facing …
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 …
Carvana blistered in Hindenburg report alleging accounting …
6 days ago · “Carvana’s turnaround is a mirage,” Hindenburg said, noting that Carvana’s shares catapulted 284% in 2024. With a recent market capitalization or worth of $23.3 billion, Carvana …
Carvana under fire: Research report claims turnaround is a "mirage"
3 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 …
Hindenburg shorts Carvana, calls turnaround a 'mirage' - CNBC
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, 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 …
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 …
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 …
Carvana Rejects Hindenburg Research Allegations - PYMNTS.com
Jan 3, 2025 · The Hindenburg report said that Carvana’s stock plunged 99% and the company faced bankruptcy concerns in the year after Ernest Garcia II, the father of Carvana CEO …
Hindenburg Short Report Slams Carvana Over Alleged 'Grift'
Jan 3, 2025 · Hindenburg's report suggests that the unnamed buyer of an additional $800 million in loans in the first quarters of 2024 is likely a trust affiliated with Cerberus Capital—that …
- Some results have been removed