Carvana Stock Surges 11.88% with $1.064 Billion Trading Volume Ranking 62nd in Market Activity

On March 24, 2025, Carvana's trading volume reached $1.064 billion, ranking 62nd in the day's stock market activity. Carvana (CVNA) surged 11.88%, marking its fourth consecutive day of gains, with a total increase of 28.29% over the past four days.

Carvana's stock price experienced significant volatility, with the company's shares trading as high as $192.98 and closing at $192.81. This surge in trading activity was accompanied by higher-than-average trading volume, indicating strong investor interest in the company.

J.P. Morgan analyst Rajat Gupta CFA maintained a buy rating for Carvana, adjusting the target price from $185 to $230. This positive outlook from a major financial institution further bolstered investor confidence in the company's prospects.

BofA Securities analyst Mike McGovern also maintained a buy rating for Carvana, raising the target price from $185 to $210. This consensus among analysts reflects a bullish sentiment towards the company's future performance.