Carvana’s 1.18% Surge Amid 40.83% Volume Drop to 700M Rank 145th as Electrified Vehicles Push Q2 Sales to 9% from 2% in 2023 with SUVs Claiming 44% of EV/PHEV Market

On August 6, 2025, Carvana (CVNA) closed with a 1.18% gain as trading volume dropped 40.83% to $700 million, ranking 145th in market activity. The stock's performance coincided with the release of its EV Trends Report, which highlighted a significant shift in consumer preferences toward electrified vehicles.

Carvana reported that electrified vehicles (EVs and PHEVs) accounted for 9% of its Q2 2025 retail unit sales, a sharp increase from 2% in Q2 2023. The growth was driven by expanded inventory options, with EV make/model combinations rising 66% year-over-year and PHEV offerings doubling. SUVs dominated the electrified segment, representing 44% of EV/PHEV sales in Q2 2025—up from 24% in 2023—as buyers increasingly favor larger, versatile models.

Executive Vice President of Strategy Christina Keiser emphasized the company's focus on inventory diversification, noting that "nearly 1 in 10 vehicles sold last quarter was electrified—a significant shift from just a couple of years ago." The report underscores Carvana's strategic alignment with broader industry trends toward electrification and SUV demand.

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