NYSE:CVNASpecialty Retail
Carvana Short Seller Allegations Put Earnings Quality And Valuation Under Scrutiny
Short seller Gotham City Research has released a report alleging accounting irregularities and undisclosed related party transactions at Carvana (NYSE:CVNA).
The report claims Carvana overstated its earnings by over US$1b across 2023 and 2024 through dealings with entities tied to the CEO's family.
The allegations have drawn regulatory attention, triggered law firm investigations, and prompted a public response from Carvana disputing the claims.
Carvana operates an online platform for...