Carvana Co. shares bounced back from a steep selloff after Wall Street analysts rushed to defend the online used-car dealer’s business following a report from short seller Gotham City Research that accused the company of overstating earnings.
Carvana Co. shares bounced back from a steep selloff after Wall Street analysts rushed to defend the online used-car dealer’s business following a report from short seller Gotham City Research that accused the company of overstating earnings.
A worker loads vehicles onto a transporter at a Carvana vending machine location in Uniondale, New York. Photographer: Angus Mordant/Bloomberg
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