Carvana Stock Soars 5.93% on EV Sales Growth, Earnings

On August 7, 2025, Carvana's stock price surged by 5.93% in pre-market trading, reflecting a strong bullish sentiment among investors.

Carvana's recent stock performance has been driven by a combination of factors, including positive analyst actions and robust electric vehicle (EV) sales growth. The company's EV sales have seen a significant increase, rising to 9% of total units sold, up from just 2% two years ago. This surge in EV sales has contributed to the company's overall growth and has been a key driver of its stock price appreciation.

Additionally, Carvana's strong earnings performance in the second quarter has further bolstered investor confidence. The company reported record-breaking results, which have helped to push its stock price to new all-time highs. Analysts have set a high target price for Carvana, reflecting their optimism about the company's future prospects.

Despite some pressure from insider selling, Carvana's stock has continued to perform well, with analysts and investors alike recognizing the company's potential for further growth. The stock's recent surge has been a testament to Carvana's resilience and its ability to adapt to changing market conditions.