3/1/2025, 11:28:03 am

Hindenburg Shorts Carvana, Accusing Firm of ‘Grift for the Ages’

Carvana Co. was accused by prominent short-seller Hindenburg Research of impropriety in a report alleging that the auto retailer’s subprime loan portfolio carries substantial risk and its growth is unsustainable. Hindenburg took a short position on Carvana’s stock after conducting research that included interviewing former employees.