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Carvana Re...
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Carvana Rejects Hindenburg Research Allegations of ‘Accounting Grift’

  • Hindenburg Research takes a short position in Carvana, accusing the company of an 'accounting grift'.
  • Hindenburg alleges that Carvana engaged in 'sham' deals with a private dealership run by the father of Carvana's CEO and uncovered $800 million in loan sales to a suspected undisclosed related party.
  • Carvana denies the allegations, stating that Hindenburg's report is intentionally misleading and inaccurate.
  • Hindenburg also highlights the company's solvency risks and the significant stock sales made by insiders.

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