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RBC upgraded Carvana (CVNA) to outperform, signaling that its gross margins are largely sustainable for the company. This comes after Hindenburg Research issued a report accusing Carvana of accounting manipulation. Caroline Woods takes a close look at the upgrade leading the company's rally.

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CVNA Accelerates Off Upgrade After Short-Selling Report

Schwab Network

CVNA Accelerates Off Upgrade After Short-Selling Report