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Carvana's stock drops 13% amid accusations of financial misconduct by Hindenburg Research.
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.
The allegations, which include lax lending standards, have prompted legal investigations.
However, Carvana countered by extending a $4 billion loan deal with Ally Financial, helping to stabilize its share price.
The company denies Hindenburg’s claims, calling them "intentionally misleading."
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Las acciones de Carvana bajan un 13% en medio de acusaciones de mala conducta financiera por Hindenburg Research.