Carvana rose 2.6% in early trading on Thursday after the stock plummeted 14% yesterday.

American used car online trading platform Carvana rose 2.6% in early trading on Thursday, partially recovering from the losses suffered yesterday. After the short-selling firm Gotham City Research accused it of overstating profits by over $1 billion in 2023-2024 and relying on financing from related parties, the stock price fell 14% on Wednesday. Carvana company stated that the report is "inaccurate and intentionally misleading".