Carvana Stock Surges to One-Year High with $11.65 Billion Trading Volume Ranking 60th

On June 3, 2025, Carvana (CVNA) saw a trading volume of $11.65 billion, ranking 60th in the day's stock market activity. The company's stock price increased by 2.62%, marking the third consecutive day of gains, with a total increase of 6.40% over the past three days.

Carvana's recent performance has been notable, with the company's stock reaching a new one-year high. This surge is attributed to solid earnings estimate revisions, which suggest that the company's shares may continue to rise in the near term.

Carvana's turnaround story is particularly compelling. In 2022, the company was on the brink of bankruptcy, facing mounting debts and significant losses. However, the company has since shown remarkable resilience, with improved revenue, profitability, and growth potential.

Analysts have taken notice of Carvana's transformation. Piper Sandler recently raised their price objective on Carvana shares from $315.00 to $340.00, giving the company an "overweight" rating. This positive outlook reflects the company's strong performance and potential for future growth.