Carvana Shares Skid as Short-Seller Report Ignites Accounting Scandal Fears
Shares of the online used-car retailer Carvana have tumbled nearly 30% from their peak following a damning report from Gotham City Research. The report alleges over $1 billion in undisclosed expenses and questionable related-party transactions, casting a shadow over the company's celebrated turnaround and sparking legal scrutiny.