How Should You Play CVNA Stock Now Amid Hindenburg's Bold Claims?
Carvana (CVNA) ZACKS·2025-01-08 16:06
After a stellar 2024, which saw Carvana's (CVNA) stock skyrocket over 300%, the online used-car e-retailer had a tumultuous start in 2025. Shares of CVNA have seen wild price action after Hindenburg Research disclosed a short position in the company last Thursday. The stock dropped below $200 on Jan. 2 for the first time since October, and extended losses on Jan. 3, plunging to $177. However, CVNA rebounded on Monday after the announcement of a significant $4 billion loan deal with Ally Financial (ALLY) , w ...