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Hindenburg Research accuses Carvana of financial misconduct, questioning the company's growth and practices.
Short-seller Hindenburg Research accused Carvana, a used car retailer, of financial misconduct, alleging the company manipulates its accounting and has lax lending standards.
The report claims Carvana's growth is unsustainable and linked to questionable practices involving a company owned by CEO Ernest Garcia III's father.
Despite the allegations, Carvana's stock initially fell but then partially recovered.
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Hindenburg Research acusa a Carvana de mala conducta financiera, cuestionando el crecimiento y las prácticas de la compañía.