Carvana Surges to 39th in Trading Volume with $1.54 Billion Day

On June 12, 2025, Carvana (CVNA) experienced a significant trading day with a volume of $1.54 billion, marking an 118.31% increase from the previous day. This surge placed Carvana at the 39th position in terms of trading volume for the day. However, the stock closed with a 6.28% decline.

Analysts have shown optimism towards Carvana's stock. Bank of America's Michael McGovern recently raised the target price for CVNA to $375 from $325, maintaining a "Buy" rating. This positive outlook is supported by the company's strong quarterly metrics and the fact that it has beaten earnings expectations in recent quarters.

Despite the recent insider selling, Carvana's stock remains robust. The company is only 9% away from its all-time high of $370 per share. Additionally, earnings per share (EPS) estimates for fiscal 2025 and 2026 have surged over the past 60 days, indicating potential for further upside.

Carvana's stock is currently in a strong rising trend, with analysts predicting a 102.06% increase over the next three months. The stock is expected to trade between $604.95 and $733.69 by the end of this period. However, there are mixed signals from technical indicators, with a sell signal from the short-term moving average and a buy signal from the long-term average.

Support for Carvana's stock is found at $305.52, which could present a buying opportunity if tested. The stock has medium daily movements and volatility, with a recommended stop-loss at $303.70. For the upcoming trading day, Carvana is expected to open at $324.78 and move within a range of $305.42 to $332.48, offering a potential trading interval of +/-$13.53.