Hindenburg Research issues short report on Carvana

Carvana gets its first upgrade since Hindenburg short-selling report
Carvana, the online used-car retailer that last week was the target of a short-selling research report, got its first broker upgrade since then which says the controversy has sparked a buying opportunity.
Hindenburg Research Shorts Carvana
Short seller Hindenburg Research has reportedly taken a short position against used-car retailer Carvana Co. (CVNA), according to
Hindenburg Research short on used-car retailer Carvana
Short seller Hindenburg Research said on Thursday it was short on used-car retailer Carvana Co . "Our research uncovered $800 million in loan sales to a suspected undisclosed related party, along with details on how accounting manipulation and lax underwriting have fueled temporary reported income growth,
Here are the reasons not to worry too much about short-seller report on Carvana, according to these analysts
Analysts at J.P. Morgan sought to assuage investors on Friday about Carvana Co. after the online used-car sales platform drew intense criticism from short-seller Hindenburg Research, saying that their own work on the company “has not suggested any red flags.”
Hindenburg Research issues short report on Carvana - update
ET with statement from Carvana company spokesperson. Shares of Carvana (NYSE:CVNA) were under brief selling pressure early on Thursday after Hindenburg Research published an unfavorable report. Hindenburg confirmed it has taken a short position in Carvana (NYSE:CVNA) based on its findings.
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