prior to the share price’s low period in 2022 and 2023, and sold an additional $1.4 billion over the past year as the stock recovered, Hindenburg said. Shares of Carvana finished down almost 2% ...

Carvana's recovery from trading for less than $5 and nearly bankrupt at the end of 2022, to $268 a share a few weeks ago, has been nothing less than dramatic. Along the way, Carvana's valuation ...

The auto retailer had to fight used car price declines of 7% YoY in 2023 and 15% YoY in 2022 ... in the company’s commercial fleet partnerships; and waning concerns over Carvana’s (NYSE ...

In 2022, the company also bought a major auction company, Adesa, which sells massive volumes of cars to dealers around the country. During the pandemic, Carvana was paying big prices to help make ...

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.

The firm, which acknowledged it has a short position in Carvana, described the car retailer's financial turnaround from the verge of bankruptcy in 2022 as "a mirage." “Our research uncovered $ ...

The short seller noted that Carvana shares have soared over the past year on hopes that the worst is behind the company after the car seller battled bankruptcy risks in 2022 and 2023.

Shares of online used car dealer Carvana (NYSE: CVNA) fell 11% in the afternoon session after short seller Hindenburg Research published a report accusing the company of "accounting manipulation ...