Citi views the 10% selloff in shares of Carvana (CVNA) following the this week’s short report as a buying opportunity. Among the allegations, the short report said DriveTime is subsidizing Carvana’s improving operations and overall profitability, the analyst tells investors in a research note. Citi believes Carvana does not sell loans to DriveTime. It continues to see accelerating user and traffic growth for the company and keeps a Buy rating on the shares with a $550 price target
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