Carvana's Trading Volume Drops 42% to $907 Million, Ranked 76th, Despite Bullish Analyst Upgrades

On March 26, 2025, Carvana's trading volume reached $907 million, a 42.01% decrease from the previous day, ranking 76th in the day's stock market activity. Carvana's stock price fell by 7.57%.

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 comes after a detailed analysis of Carvana's business model and market position. The analysts believe that Carvana's innovative approach to used car e-commerce positions it as a leader in the industry, with a significant portion of the U.S. used-car market still untapped.

Adam Jonas, a Morgan Stanley analyst, has described Carvana as the "Amazon of auto retail," emphasizing the company's focus on the entire customer experience rather than just the sale of cars. This perspective aligns with Morgan Stanley's bullish outlook on Carvana, which includes a price target of $400 per share. The upgrade to an overweight rating reflects the analysts' confidence in Carvana's ability to capitalize on its competitive advantages and drive growth in the used car market.

In addition to Morgan Stanley's bullish stance, Piper Sandler has also upgraded Carvana to overweight from neutral, affirming its price target at $225. This move underscores the growing consensus among analysts that Carvana is well-positioned to thrive in the competitive auto retail landscape. The company's innovative business model and strong market presence continue to attract positive attention from investors and analysts alike.