Hindenburg Research alleges Carvana inflated financials through $800M in loan sales to a suspected related party, lax underwriting, and undisclosed SEC investigations.
The report highlights Carvana's reliance on subprime loans, "sham" related-party deals with DriveTime, and inflated gross profit metrics.
Hindenburg warns of solvency risks, as insiders have dumped billions in stock while the company faces mounting debt and economic headwinds.
Full Report: https://hindenburgresearch.com/carvana/
