Carvana slides 9% as Gotham City’s $1B accounting-gap allegations surface
TL;DR Summary
Carvana’s stock fell about 9% after Gotham City Research accused the company of accounting irregularities and undisclosed related-party transactions, highlighting DriveTime and Bridgecrest ties and claiming earnings were overstated by more than $1 billion; the report suggests potential restatements and delays for 2023–2024 disclosures, with Carvana having not yet commented.
Topics:top-news#accounting-irregularities#bridgecrest#business#carvana#drivetime#gotham-city-research
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