JPMorgan Sticks With Outperform Call on Carvana Despite Short-Seller Report

Key TakeawaysCarvana stock dropped for the second day in a row after Hindenburg Research disclosed a short position in the company.However, JPMorgan analysts said their own research into Carvana hasn't revealed any "red flags."The concerns raised about auto-industry loan defaults are not new and demand for used cars is strong, the analysts said. Carvana (CVNA) shares continued their slide Friday after short-selling firm Hindenburg Research declared a short position in the company, but JPMorgan analysts stuc ...