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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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