Carvana's $10.25 Billion Trading Volume Ranks 61st Amid Market Volatility

On March 27, 2025, Carvana's trading volume reached $10.25 billion, ranking 61st in the day's stock market. Carvana (CVNA) fell by 0.45%, marking two consecutive days of decline, with a total drop of 7.99% over the past two days.

Morgan Stanley analysts have upgraded Carvana's stock to an overweight rating, highlighting the company's potential to become the "Amazon of auto retail." This upgrade reflects a bullish outlook on Carvana's ability to capture a significant share of the U.S. used-car market, which remains largely untapped.

Morgan Stanley's Adam Jonas raised his outlook on Carvana, citing the company's innovative approach to auto retail and its potential for growth. This positive sentiment was echoed in a market note where Morgan Stanley upgraded Carvana's stock, emphasizing the unique opportunity for investors to gain exposure to the company during a sharp pullback in share price.

JPMorgan has also adjusted its price target for Carvana, lowering it to $325 from $365 while maintaining an overweight rating. This adjustment comes in response to the implementation of 25% tariffs, which could impact the company's operations and financial performance.