Carvana (CVNA) Shares Soar 21.10% in Four Days

Carvana (CVNA) shares rose 0.91% today, marking the fourth consecutive day of gains, with a total increase of 21.10% over the past four days. The stock price reached its highest level since February 2025, with an intraday gain of 3.31%.

Carvana's stock has been on a strong upward trajectory, with notable price action over the past week and month. This momentum reflects positive market sentiment and investor confidence in the company's future prospects. The recent expansion plans in Colorado Springs, including the development of an auction and reconditioning megasite, are expected to enhance operational capacity and service offerings, further driving stock performance.

Analysts have also shown optimism towards Carvana. William Blair analyst Sharon Zackfia reiterated a Buy rating on April 22, citing confidence in the company's sales performance and future prospects. This bullish stance, coupled with the recent price target adjustment to $230.00, indicates a positive outlook for the stock's future value. The surge in stock price on April 24, reaching an intraday high, further underscores strong investor interest and market enthusiasm for Carvana's growth potential.