Hindenburg Research has announced a short position on used car retail platform Carvana ( CVNA ), raising concerns about alleged accounting fraud and highlighting suspicious stock sales by former CEO Ernie Garcia II prior to the company's bankruptcy filing. Garcia's son, Ernest Garcia III, is Carvana's current chief executive officer.

Yahoo Finance anchors Madison Mills and Josh Schafer analyze the stock's performance and examine the validity of Hindenburg's allegations.

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This post was written by Angel Smith