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Carvana falls as short-seller Jim Chanos sees `lots of red flags'

2025-10-23 02:07

  • Carvana (NYSE:CVNA) dropped 11% as well known short-seller Jim Chanos said he sees "lots of red flags," specifically with the recent implosion of Tricolor Holdings. 
  • “Given the news in the subprime auto space of defaults, bankruptcies, rising delinquencies, the fact that Carvana seems to be sailing through it with nary a scratch stretches credulity,” Chanos said during a Bloomberg Television interview on Wednesday. 
  • Chanos has had a short position in the online car retailer for a few years. 
  • "We just don't have complete transparency as to what's going on," Chanos said. 
  • Carvana didn't immediately respond to Seeking Alpha's email request for comment.

 

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