Carvana’s 2.75% Rally Defies 39.05% Volume Drop to $800M 137th in Market Activity

On October 13, 2025, Carvana (CVNA) reported a trading volume of $800 million, a 39.05% decline from the previous day, ranking it 137th in market trading activity. The stock closed up 2.75%, outperforming broader market trends amid mixed retail investor engagement.

The reduced trading volume suggests waning short-term interest, potentially linked to seasonal factors or shifting investor priorities in the automotive e-commerce sector. Analysts noted that the price increase may reflect renewed confidence in Carvana’s operational efficiency, though the drop in trading activity highlights limited conviction in near-term directional bets. Market participants remain cautious, balancing optimism over cost-cutting measures against broader macroeconomic uncertainties.

The back-test results for the “RSI oversold, 1-day hold” strategy on NVDA (2022-01-01 → 2025-10-13) show a total return of 29.66%, with an annualized return of 8.02%. The strategy experienced a maximum drawdown of 12.92% and a Sharpe ratio of 0.53. Key assumptions included an RSI-14 threshold below 30, daily close pricing, and a one-day holding period. The analysis excluded stop-loss mechanisms and focused solely on NVDA’s price data within the specified timeframe.