On January 28, 2026, The Wall Street Journal published an article entitled “Carvana Stock Falls on Short-Seller Report Alleging Overstated Earnings.” The article stated that Carvana stock had fallen after “the release of a short seller’s report that alleged the company’s earnings are ‘far more dependent’ than previously known on private companies linked to Carvana’s controlling shareholders.”
On this news, Carvana’s stock price fell 14% on January 28, 2026.