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Gotham City Research

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business4 hours ago

Carvana slides 9% as Gotham City’s $1B accounting-gap allegations surface

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.