In Short Seller’s Crosshairs: A Former VP And Trump Billionaire Ally [Forbes]
Ally Financial Inc. (ALLY)
Last ally financial inc. earnings: 4/20 07:30 am
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Source: Forbes
Former U.S. Vice President Dan Quayle speaks to the media in the lobby at Trump Tower in New York, U.S., on Tuesday, Nov. 29, 2016 in New York City. Photographer: John Angelillo/Pool via Bloomberg © 2016 Bloomberg Finance LP C arvana, the online used car dealership, has been one of the best performing stocks in the last few years: Shares quadrupled in 2024 and are up nearly 50-fold from early 2022. On Thursday, Hindenburg Research, the short seller that has previously targeted the Adani Group and Roblox, took aim at the high flyer, alleging that Carvana's spectacular turnaround is “a mirage” and that its leaders – the father-son duo of Ernest Garcia II and Ernest Garcia III – are running an “accounting grift for the ages.” Carvana's stock closed down about 2% Thursday, while the major stock indices inched down by less than 0.4%. Few Carvana watchers will be surprised by Hindenburg's claims, which include allegations of “related-party accounting games” involving DriveTime Auto
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News
- Is 2025 A ‘No Buy' Year? How To Cut Out Consumption In The New Year [Forbes]Forbes
- Hindenburg Research Latest In A Long Line Of Short Sellers Critical On Carvana [zero hedge]zero hedge
- 3 Stocks With Estimated Discounts Up To 6.7% Below Intrinsic Value [Yahoo! Finance]Yahoo! Finance
- Discover Nan Juen International Among 3 Stocks Possibly Trading Below Fair Value [Yahoo! Finance]Yahoo! Finance
- Where Will Roku Stock Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
ALLY
Earnings
- 10/21/24 - Beat
ALLY
Sec Filings
- 12/17/24 - Form 4
- 12/13/24 - Form 4
- 12/10/24 - Form 3
- ALLY's page on the SEC website