Carvana Shares Surge 2.16% on Analyst Upgrades Hit $1.27B Volume to Rank 59th

Carvana (CVNA) surged 2.16% on August 15, 2025, with a trading volume of $1.27 billion, marking a 110.79% increase from the previous day and ranking 59th in the market. The stock’s performance was influenced by analyst upgrades and operational developments.

JPMorgan raised its price target for Carvana to $415, maintaining an Overweight rating following the company’s Q2 2025 results. The firm highlighted Carvana’s adjusted EBITDA of $601 million, exceeding estimates by $71 million, and noted 41% year-over-year growth in retail unit sales. Analysts attributed the strong performance to Carvana’s market-leading 35-percentage-point edge over industry peers.

The company expanded its same-day vehicle delivery service to the Chicago area, reinforcing its position as a digital leader in the used car sector. However, insider trading activity also drew attention, with Carvana’s CEO and other insiders selling significant shares between August 11-13, including 113,817 shares at prices ranging from $339.88 to $354.17.

Technical indicators showed mixed signals, including a MACD and KDJ death cross on the 15-minute chart, suggesting short-term bearish momentum. Despite this, options market data pointed to bullish sentiment, with price range predictions of $150–$450 over three months.

The strategy of buying the top 500 stocks by daily trading volume and holding them for 1 day from 2022 to 2025 delivered a 1-day return of 0.98% and a total return of 37.61%. While stable, the returns were described as relatively modest, reflecting a conservative approach compared to high-risk alternatives.