Carvana Bonds Tick Down as Hindenburg Alleges Impropriety (1)

Carvana bonds edged lower, while shares in the online used-car sales platform dropped after Hindenburg Research said it took a short position in the firm and accused it of impropriety.

• Carvana declined to comment on the Hindenburg report
  • READ: Hindenburg Shorts Carvana, Accusing Firm of ‘Grift for the Ages’
• Carvana’s 9% note eased 0.125 cent to 106.625 cents on the dollar as of 3:30pm in New York, according to Trace
• Its less-actively traded 13% note due 2030 fell 0.6 cent to 109.47 cents

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