Carvana's Trading Volume Drops 44% Placing it 187th in Daily Rankings

On July 21, 2025, Carvana's trading volume reached $535 million, marking a 44.38% decrease from the previous day. The company's stock price fell by 1.61%, placing it at the 187th position in terms of trading volume for the day.

Carvana's insider trading activities have been notable. On June 30, 2025, an insider acquired 42 shares at $118.06 through a Rule 16b-3(c) employee stock purchase plan. On July 17, 2025, another insider sold 1,500 shares at $140.00. Additionally, insiders have sold shares worth $8.8 million over the last three months, indicating a significant level of insider transactions.

Tabor Asset Management LP recently purchased new shares in Carvana, with the shares sold at an average price of $346.99, totaling $34,699,000.00. This purchase reflects a strategic move by the asset management firm, potentially signaling confidence in the company's future performance.

Citi has increased its price target for Carvana to $415, citing stronger-than-expected sales with approximately 142,000 units sold in the second quarter. This adjustment reflects the positive outlook on Carvana's sales performance and market potential.

JP Morgan has maintained an Overweight rating on Carvana and raised its price target, highlighting the company's strong valuation and growth prospects. The firm's analysis suggests that Carvana's growth justifies its premium P/E ratio, further bolstering investor confidence in the stock.