2025 didn’t necessarily start out well for sprawling vehicle retailer Carvana’s (NYSE: CVNA) stock, but it’s recovered quite well in recent days. A clutch of analysts following the company didn’t hesitate to defend it after a short-seller issued a highly critical report, with two even upgrading their recommendations. Hindenburg’s feelings for Carvana were made clear by the report’s incendiary title — “Carvana: A Father-Son Accounting Grift For the Ages” (referring to current CEO Ernie Garcia III and his father Ernest Garcia II).
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