Kerrisdale Capital reveals short position in used-car firm Carvana

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Carvana (CVNA) shares rise despite Kerrisdale Capital short report

February 26, 2024 12:53 PM EST

Carvana (NYSE: CVNA) shares are up around 2% Monday despite Kerrisdale Capital releasing a note saying it is short the stock.

The short-selling firm labelled Carvana a "poorly capitalized, growth-challenged auto retailer."

Carvana shares surged 32% last week and is now valued at around... More