11 Jan 2025 Carvana Carvana - Deep Dive & Addressing Hindenburg's Short Claims Summary * We initiate our coverage on Carvana, diving into the long-term thesis while also addressing the concerns highlighted by the recent report published by Hindenburg. * Carvana's differentiation is that it has successfully blended the online marketplace with physical inventory management. Evidently this is really hard to do. * If
