Carvana stock sinks nearly 20% after Gotham short-seller report; Wall Street eyes earnings next
New York, January 28, 2026, 14:23 (EST) — Regular session Shares of Carvana Co plunged roughly 19.5% to $384.57 Wednesday afternoon after short seller Gotham City Research released a report accusing the company of accounting irregularities and undisclosed related-party deals. The stock had closed Tuesday at $477.72 and fluctuated between $375.13 and $482.31 during the session. Carvana did not immediately respond to requests for comment. (Investing.com) This hit matters since Carvana has been one of the market’s most polarizing turnaround stories, with investors divided over the durability of its profits and the reliance on credit markets. A short report targeting