Carvana Shares Whipsaw on Hindenburg Short Position (1)

Jan. 2, 2025, 3:18 PM UTC

(Updates stock move, detail in second bullet)

Carvana shares whipsawed, quickly swinging between losses and gains, after Hindenburg Research says it took a short position in the online platform for buying used cars, according to a report.

  • Shares of Carvana were down as much as 8.1% before jumping as much as 4.7%
  • A Carvana spokesperson said the company was not yet prepared to comment

To view the source of this information click here

--With assistance from David Welch.

To contact the reporter on this story:
Aysha Diallo in New York at adiallo63@bloomberg.net

To contact the editors responsible for ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.