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Carvana ($CVNA) posts record quarter in the used car business, driving its stock to 52-week highs. Despite concerns over bankruptcy in 2022, the company bounced back. Short sellers face challenges as the stock squeezes more shorts. However, allegations of fraud emerge, with references to securities fraud and insider selling. The SEC charges Trump Media's audit firm with fraud, leading to a $12 million settlement. Carvana's first-quarter results show promising growth, solidifying its position in the used-vehicle market.
Same accounting #fraud self-enrichment pump-and-dump they ran last time, $CVNA execs love Wall Street & retail ignoramuses. https://t.co/dk2TWIfwRY
Carvana's first-quarter results show promising growth, positioning the online retailer to further dominate the used-vehicle market. https://t.co/y5Y2GlH8ZL
An auditing firm that represents hundreds of clients including #TrumpMedia reached a $12 million settlement with the #SEC to settle charges alleging it failed to comply with accounting oversight standards affecting over 1,500 of its SEC filings. https://t.co/E3aLFL1ALv
