Reported 3 days ago
Carvana's stock fell as short-seller Hindenburg Research accused the company of creating an illusion of a turnaround in 2024, claiming it heavily relied on selling customer loans, particularly in risky markets. The report also highlighted insider selling by executives, raising further concerns about the company's financial practices. Despite this, Carvana plans to focus on their strategy for growth in 2025.
Source: YAHOO