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flag Carvana's stock drops 13% amid accusations of financial misconduct by Hindenburg Research.

flag Carvana's stock plunged 13% after Hindenburg Research accused the company of questionable accounting practices and a $3.6 billion loan deal with a related party. flag The allegations, which include lax lending standards, have prompted legal investigations. flag However, Carvana countered by extending a $4 billion loan deal with Ally Financial, helping to stabilize its share price. flag The company denies Hindenburg’s claims, calling them "intentionally misleading."

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