Allegations of Accounting Fraud: Carvana Faces Scrutiny from Hindenburg Research

In a development that has sent shockwaves through the automotive resale market, Carvana, the online used car retailer, is under fire following a report released by short-seller Hindenburg Research. The report claims that Carvana has engaged in significant accounting manipulations, raising concerns about the company’s financial health and operational integrity.

Continue reading