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 · 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 bombshell report.
Hindenburg Short Report Slams Carvana Over Alleged 'Grift'
Jan 3, 2025 · Activist short-seller Hindenburg Research released a report early in 2025 alleging a variety of manipulations by online car dealer Carvana. ... Hindenburg said that Carvana traded at an 845% premium to its peers on a 1-year forward P/S basis and a 754% premium on a 1-year forward P/E basis. The firm had a net debt of $4.8 billion at the end of ...
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 substantial risk and its growth ...
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...
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 issues short report on Carvana - update
Hindenburg Research issues short report on Carvana - update Jan. 02, 2025 3:58 PM ET Carvana Co. (CVNA) Stock By: Amy Thielen , SA News Editor 159 Comments Play ( 1min )
Hindenburg Research short on used-car retailer Carvana
Jan 2 (Reuters) - Hindenburg Research said on Thursday it was short on Carvana Co (CVNA.N), opens new tab, accusing the used-car retailer of insider trading and accounting manipulation. "Our ...
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 shorts Carvana, calling company’s …
Jan 2, 2025 · Hindenburg Research disclosed a short position in Carvana on Thursday, claiming the company's recent turnaround is a "mirage" that is being propped up by unstable loans and accounting manipulation.
- Some results have been removed