Carvana: A Father-Son Accounting Grift For The Ages – Hindenburg Research
Jan 2, 2025 · Our research uncovered $800 million in loan sales to a suspected undisclosed related party, along with details on how accounting manipulation and lax underwriting have fueled temporary reported income growth – all while insiders cash out billions in stock.
Why Hindenburg Research calls Carvana’s accounting methods …
Jan 14, 2025 · Carvana, the pre-owned car seller who once aimed to reinvent the car buying process has experienced multiple ups and downs as a business but has most recently seen its share price tumble due to a recent Hindenburg Research report suggesting the company may be using fraudulent accounting practices to artificially boost perceptions of performance.. The report indicates an Enron-like accounting ...
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 Stock Slips as Short-Seller Calls Its 2024 ... - Investopedia
Jan 2, 2025 · Carvana stock slid Thursday after short-seller Hindenburg Research revealed a short position in the company. The firm said Carvana's significant turnaround in 2024 is a "mirage" built in part on ...
Carvana under fire: Research report claims turnaround is a "mirage"
Jan 7, 2025 · Hindenburg Research, a well-known short seller, has targeted Carvana with allegations that its recent financial recovery is built on shaky foundations.
Hindenburg Short Report Slams Carvana Over Alleged 'Grift'
Jan 3, 2025 · 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.
Hindenburg Research shorts Carvana, calling company's …
Jan 2, 2025 · 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 is being propped up by unstable...
Hindenburg Shorts Carvana, Alleging ‘Grift for the Ages’
Jan 2, 2025 · Hindenburg, which has a history of going public with deep research to back short positions, also claimed Carvana manipulated its results by selling cars to DriveTime, a car dealer owned by Ernie...
Carvana shares fall after Hindenburg Research calls its …
Jan 6, 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,...
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.