The meteoric rise of Carvana Co. (NYSE: CVNA), the online used car retailer that became a symbol of post-pandemic recovery, hit a massive wall of skepticism this week. In a dramatic reversal of fortune, Carvana’s shares plummeted more than 14% following a scathing report from activist short seller Gotham
Carvana Co (NYSE:CVNA) shares are trading lower on Wednesday after short seller Gotham City Research released a critical report alleging accounting issues and inflated earnings.
Gotham City said in its report that Carvana’s earnings are overstated by over $1 billion and is “far more dependent” on its related parties, DriveTime and Bridgecrest, than disclosed.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
A number of stocks jumped in the afternoon session after President Trump cooled fears of a transatlantic trade war by calling off scheduled tariffs on European allies.
As the IRS officially opens the 2026 tax filing season today, January 19, 2026, the American economy is standing on the precipice of a massive, unintended fiscal injection. Analysts are projecting a record-breaking tax-refund windfall between $100 billion and $150 billion over the next three months—a surge primarily fueled
Bank of America has identified a list of stocks that are well-positioned for the upcoming earnings season. The suggested stocks include Amazon.com Inc. (NASDAQ: AMZN), Brookdale Senior Living Inc. (NYSE: BKD), Corning Inc. (NYSE: GLW), Vertiv Holdings Co (NYSE: VRT), and Carvana Co. (NYSE: CVNA).
