Company Overview - Carvana Co is an online retailer specializing in used vehicles [2] Allegations and Investigation - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving Carvana Co due to allegations of providing potentially misleading business information to investors [1] - Hindenburg Research accused Carvana of deceptive financial practices, including questionable accounting and undisclosed loans to a related party amounting to $800 million [3] - The report highlights risks such as lax loan underwriting practices, falling vehicle prices, and rising subprime loan delinquencies [3] Financial and Operational Concerns - Between August 2020 and August 2021, Garcia III and his father, Ernest Garcia II, sold $3.6 billion worth of Carvana stock [4] - Carvana's stock rose 284% in 2024 and is described as "exorbitantly valued" [4] - The CEO's father sold another $1.4 billion of CVNA stock as the company faces increasing credit losses and a 20% drop in its customer base since 2021 [4] - Carvana has nearly 1,000 complaints and a 1.1-star rating from the Better Business Bureau, raising concerns about its viability [4]

Key TakeawaysCarvana stock dropped for the second day in a row after Hindenburg Research disclosed a short position in the company.However, JPMorgan analysts said their own research into Carvana hasn't revealed any "red flags."The concerns raised about auto-industry loan defaults are not new and demand for used cars is strong, the analysts said. Carvana (CVNA) shares continued their slide Friday after short-selling firm Hindenburg Research declared a short position in the company, but JPMorgan analysts stuc ...

Polarizing activist short-seller Hindenburg Research—known for its bombshell reports alleging corporate fraud and other malfeasance by companies including Nikola Corp. NASDAQ: NKLA and India's Adani Group—published on January 2, 2025, an article about its latest target: Carvana Co. NYSE: CVNA. Carvana TodayCVNACarvana$194.82 -4.74 (-2.38%) 52-Week Range$40.21▼$268.34P/E Ratio19,501.50Price Target$229.18Add to WatchlistIn the report, Hindenburg alleges that the $44-billion online car dealer's stock spike of ...

Carvana Co. CVNA has been a rollercoaster for investors, with a jaw-dropping 327% rally over the past year overshadowed by a 21.97% dip in the last month. But behind the flashy headlines is a stock chart showing signs of fatigue. Chart created using Benzinga ProCarvana Stock Chart: All Signals Point SouthCarvana’s stock has dropped below key simple moving averages (Eight, 20 and 50-day), a textbook sign of a bearish trend. Adding to the challenges:The stock’s price of $199.56 is far below its eight-day SMA ...

Carvana Co (NYSE:CVNA) stock is 2.2% lower at $227.97 at last glance, after sector peer CarMax (KMX) smashed third-quarter earnings estimates. The equity is in the midst of a pullback, pacing for its third-straight loss and shedding 13.5% so far in December. It might be time to buy the dip, however, as history shows the online used car retailer's shares are near a historically bullish trendline.According to data from Schaeffer's Senior Quantitative Analyst Rocky White, CVNA is within striking distance of it ...

There's no need to sugarcoat it. Investors putting money to work in the stock market undoubtedly want to become rich over time. Perhaps the specific monetary goal is to achieve a portfolio value of $1 million.Some businesses, like Carvana (CVNA 0.19%), have already done that. This used car e-commerce stock is up a jaw-dropping 5,120% since the start of 2023 (as of Dec. 12). That would've turned a $20,000 investment into a cool $1 million in less than two years, a phenomenal return.If you missed the Carvana ...

After 43+ years working for one investment research company or another, I finally retired. So now, I’m completely independent. And for the first time on Seeking Alpha, I won’t be working based on anybody else’s product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I’m different from others who share such backgrounds. I don’t serve the numbers. Instead, the numbers serve me… to inspire ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

It has been about a month since the last earnings report for Carvana (CVNA) . Shares have added about 3.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Carvana due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Carvana Q3 Earnings Beat EstimatesCarvana reported th ...

wildpixel Listen here or on the go via Apple Podcasts and Spotify Courage & Conviction Investing details why it pays off to stay consistent in his small cap strategy and portfolio approach (1:55). Why he never doubted Carvana and why he's been buying Zeta (7:10). CuriosityStream's ridiculous dividend and getting into Cineverse (16:15). Really excited about BuzzFeed (30:10). Mesa, Spirit, United and the airlines industry (38:40). Recorded on November 19. Subscribe to Second Wind Capital Transcript Ren ...