Reported 2 days ago
Hindenburg Research has taken a short position on used-car retailer Carvana, claiming to have found $800 million in questionable loan sales connected to a suspected undisclosed related party. The report also alleges that accounting manipulation and lax underwriting practices have led to artificially inflated income figures. Following the report, Carvana's shares dipped by as much as 5% before recovering some losses.
Source: YAHOO