The firm accused Carvana of relying on unstable loans, questionable accounting practices, and undisclosed related-party transactions involving CEO Ernie Garcia III and his father, Ernest Garcia II ...

Carvana's turnaround is overshadowed by its inflated valuation and questionable financial practices. Read why it's best to ...

leading to the conviction of the Phoenix-based electric truck maker’s founder and former CEO, Trevor Milton, for securities fraud, the Business Journal previously reported. Carvana’s stock ...

Hindenburg Research claims that as the share price has skyrocketed, the father of Carvana’s CEO has cashed out more than $1.4 billion in stock. At the center of the alleged scheme appears to be ...

On Wednesday, the firm's founder Nate Anderson divulged that Hindenburg is to be disbanded following the last of its "Ponzi ...

Hindenburg also said that "Carvana appears to be dumping unreported costs of extended warranties" onto DriveTime, the dealer run by the CEO's father. The company estimates this boosts Carvana's ...

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The report centers on Carvana's practice of loan sales as well as the business relationship between CEO Ernie Garcia III and his father, Ernest Garcia II, who is Carvana's largest shareholder.

Shares of Carvana slid Thursday after short-selling firm Hindenburg Research disclosed a short position in the online used-car retailer.

With Carvana shares surging, the CEO’s father sold another $1.4 billion of CVNA stock. Meanwhile, the company faces increasing credit losses and a 20% drop in its customer base since 2021.

Carvana's (CVNA) shares are retreating for a second straight day after a short seller issued a negative report about the firm yesterday. Today CVNA stock is giving back 5%. Carvana specializes in ...