Carvana Stock Plummets 2.08% as $600M Volume Slumps to 163th Rank

On August 14, 2025, Carvana (CVNA) closed at a 2.08% decline, with a daily trading volume of $600 million, a 25.85% drop from the prior day. The stock ranked 163rd in trading activity amid mixed investor sentiment.

Carvana expanded its same-day vehicle delivery service to the greater Chicago area, enabling customers to receive or sell cars within 24 hours of ordering. The rollout, part of the company’s national logistics infrastructure growth, allows eligible Chicago residents to complete transactions entirely online, including financing and trade-ins. The service, initially launched in Arizona, now operates in select markets across 15+ states. Jacqueline Hearns, senior director of market operations, emphasized the move as a strategic investment to enhance customer convenience and reinforce Carvana’s position in key markets.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 delivered a compound annual growth rate of 6.98%. However, the approach faced a maximum drawdown of 15.59% during the backtest period, with a notable downturn in mid-2023 underscoring the risks of high-volume trading strategies.