Hindenburg Short Report Slams Carvana Over Alleged 'Grift'

Polarizing activist short-seller Hindenburg Research—known for its bombshell reports alleging corporate fraud and other malfeasance by companies including Nikola Corp. NASDAQ: NKLA and India's Adani Group—published on January 2, 2025, an article about its latest target: Carvana Co. NYSE: CVNA. Carvana TodayCVNACarvana$194.82 -4.74 (-2.38%) 52-Week Range$40.21▼$268.34P/E Ratio19,501.50Price Target$229.18Add to WatchlistIn the report, Hindenburg alleges that the $44-billion online car dealer's stock spike of ...