Carvana Co.: Garcia sells $33.6m in CVNA stock
Carvana Co.: Garcia sells $33.6m in CVNA stock
Carvana Co.: Garcia sells $33.6m in CVNA stock
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The company’s shares fell 11% on Thursday to $251.46 as of Thursday morning. Read More
A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana topped Wall Street’s top- and bottom-line expectations for the fourth quarter while guiding for another “strong” year in 2025. Carvana, as it has in the past, gave a broad guidance outlook for this year that includes growth in both retail … Read more
A prominent short seller accused the used car dealer of wrongdoing, sending its shares down. Read More
A report alleges Carvana has lax underwriting standards and uses a company owned by the father of Chief Executive Officer Ernest Garcia III to boost results. Read More
Carvana may be a house of cards. That’s according to investment research and activist short-selling firm Hindenburg Research (never a good sign to be the subject of ire from a company named after a famous disaster), which published a report on Thursday that accuses the online used car seller of “accounting manipulation” stemming from unstable … Read more