The report centers on Carvana's practice of loan sales as well as the business relationship between CEO Ernie Garcia III and his father, Ernest Garcia II.

Carvana fell again Friday a day after short-seller Hindenburg Research criticized the used-car retailer in an extensive report even as Wall Street rushed in to defend the company. Hindenburg said it took a short position in Carvana’s shares,

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ET with statement from Carvana company spokesperson. Shares of Carvana (NYSE:CVNA) were under brief selling pressure early on Thursday after Hindenburg Research published an unfavorable report. Hindenburg confirmed it has taken a short position in Carvana (NYSE:CVNA) based on its findings.