11.01.2025 00:15:40

Why Carvana Stock Motored 9% Higher This Week

2025 didn't necessarily start out well for sprawling vehicle retailer Carvana's (NYSE: CVNA) stock, but it's recovered quite well in recent days. A clutch of analysts following the company didn't hesitate to defend it after a short-seller issued a highly critical report, with two even upgrading their recommendations.These factors had a positive effect on investor sentiment, and Carvana shares ended the week 9% higher in price, according to data compiled by S&P Global Market Intelligence.That short-seller report came from Hindenburg Research, which is known for its scathing takes on companies it deems worthy of heavy criticism. Hindenburg's feelings for Carvana were made clear by the report's incendiary title -- "Carvana: A Father-Son Accounting Grift For the Ages" (referring to current CEO Ernie Garcia III and his father Ernest Garcia II). Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Carvana Co Registered Shs -A- 187,84 -1,72% Carvana Co Registered Shs -A-