Shares of Carvana (NYSE: CVNA) were heading lower today as investors continued to respond to a short report from Hindenburg Research that accused the online used car dealer of not disclosing related-party transactions, among other things. Carvana, which has gotten frothy after skyrocketing from near-bankruptcy, fell 11% on the news. Hindenburg is fresh off a successful takedown of Super Micro Computer, which is now several months late on filing its 10-K, and the stock has tumbled since Hindenburg’s short report.
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