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Carvana, which has gotten frothy after skyrocketing from near-bankruptcy, fell 11% on the news. Hindenburg also pointed out that the stock trades at a much higher multiple than peers like CarMax ...
In fact, Carvana might just be the last of those "Ponzi cases." Just after the start of the new year, Hindenburg published a report titled " Carvana: A Father-Son Accounting Grift For the Ages ."
Carvana’s stock is down more than 98% year-to-date. Wednesday’s downgrade from Wedbush comes as droves of Wall Street analysts have slashed their rating on the stock in recent months.
After all, why not The worst probably isn’t over for CVNA stock yet, though. That’s because Carvana swung from a profitable to an unprofitable profile not long ago, which is worrisome.
Shares of Carvana (NYSE: CVNA) were climbing for the second day in a row today after Wall Street analysts continued to line up behind the stock after a short-seller attacked it last week. Last ...
Carvana's share price has taken a dive as used-car demand plummeted while inflation and interest rates increased. Why Carvana stock dropped 97% in the past year as the auto resale success story ...
Carvana (NYSE: CVNA) has become one of the more surprising turnaround stories in recent years. Two years ago, the company was on the brink of bankruptcy when a debt restructuring deal gave it new ...
Shares are down about 6% today, a day after the report—and the father-son duo behind Carvana saw their wealth dip, too, on paper. Ernie Garcia III is the chief executive of Carvana, and one of ...