BUZZ-Carvana slumps after Gotham City Research discloses short position
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Shares of online used-car retailer Carvanafall 12% to $413Gotham City Research says it holds short positions in the companyCarvana was spun off from DriveTime in 2012Gotham says CVNA’s 2023-2024 earnings are overstated by more than $1 billionCVNA and DriveTime creditors may rethink funding once they grasp that the ecosystem is more leveraged than publicly disclosed — GothamIn 2025 CVNA was up 218.7% YTD
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