Carvana shares closed Wednesday at $410.04, down 14.2%, following short-seller accusations that the online used retailer overstated earnings. Gotham City Research accused Carvana of overstating its ...
Investing.com -- Carvana (NYSE:CVNA) stock declined 9% Wednesday after short seller Gotham City Research published a critical report alleging accounting irregularities and undisclosed related-party ...
Carvana’s stock has caught a boost from the company’s soon-to-come inclusion in the S&P 500 index — and then some. Shares of Carvana CVNA on Wednesday ended at a fresh all-time high and extended their ...
Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.
Carvana's stock value fell sharply after a short-seller report accused the company of overstating its earnings. The report alleges Carvana's financial standing was improperly subsidized by DriveTime, ...
(Bloomberg) --Carvana Co.’s shares fell the most in more than nine months after a short seller alleged the online auto retailer overstated earnings with the help of close ties to businesses controlled ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The share price of online used car dealer Carvana fell 14.2 per cent on Wednesday in New York after the short ...
The report further claims that Carvana sells loans to "third parties" at inflated rates while booking gains on sales, and that Bridgecrest, a company fully owned by Garcia II, charges these third ...
Shares in high-flying used-car retailer Carvana closed down 14% on Wednesday after the release of a short seller’s report that alleged the company’s earnings are “far more dependent” than previously ...
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