Shares of Carvana (NYSE: CVNA) were climbing for the second day in a row today after Wall Street analysts continued to line up behind the stock after a short-seller attacked it last week. Last week, short-seller Hindenburg Research attacked the company, saying that Carvana had undisclosed related-party transactions and that the stock was grossly overvalued. After the stock fell sharply on Friday, it’s bounced back over the last two sessions, as Wall Street analysts have largely stood by the stock, especially after it renewed an agreement with Ally Financial to buy up to $4 billion of its loan receivables over the next year, showing that relationship remains sound.
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