Carvana shares fall 14% following short-seller accusations [CNBC]
Carvana Co. Class A (CVNA)
Last carvana co. class a earnings: 2/26 04:05 pm
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Source: CNBC
Gotham City Research accused Carvana of overstating its 2023-2024 earnings by more than $1 billion and said the company is “far more dependent on related parties” connected to the family than previously disclosed. A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III's family. Gotham City Research alleged Wednesday that the online used car retailer, which entered the S&P 500 last month, overstated its 2023-2024 earnings by more than $1 billion, and is “far more dependent on related parties” connected to the family than previously disclosed. To make its point, the short-seller published the 2024 audited financials of DriveTime Automotive Group, Inc. and Bridgecrest Acceptance Corp. Both companies are owned by Ernest Garcia II, Carvana's l
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News
- Rosen Law Firm Encourages Carvana Co. Investors to Inquire About Securities Class Action Investigation - CVNAPR Newswire
- Carvana Co. (CVNA): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- CVNA ANNOUNCEMENT: If You Have Suffered Losses in Carvana (NYSE: CVNA), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Carvana Co. - CVNAGlobeNewswire
- Carvana: The Subprime Cliff [Seeking Alpha]Seeking Alpha
CVNA
Earnings
- 10/29/25 - Miss
CVNA
Sec Filings
- 2/9/26 - Form 144
- 2/3/26 - Form 4
- 2/3/26 - Form 4
- CVNA's page on the SEC website