Reported 4 days ago
JPMorgan analysts continue to support Carvana's stock despite a recent short-selling report from Hindenburg Research, which raised concerns about the company's practices related to auto loans. JPMorgan's own research found no significant red flags, stating that the issues highlighted are not new and that demand for used cars remains robust. Carvana's stock has experienced significant growth in 2024, recovering from prior bankruptcy fears.
Source: YAHOO