Carvana Surges to 72nd in Trading Volume with $12.60 Billion in Shares Exchanged

On July 16, 2025, Carvana (CVNA) saw a significant surge in trading volume, with a total of $12.60 billion in shares exchanged, marking a 95.17% increase from the previous day. This surge placed Carvana at the 72nd position in terms of trading volume for the day. The stock price of Carvana has been on an upward trajectory, rising by 1.04% and marking its third consecutive day of gains, with a total increase of 2.43% over the past three days.

Ernest C. Garcia II, a significant shareholder holding a 10% stake in Carvana Co., executed substantial sales of the company's Class A Common Stock. On July 11 and July 14, 2025, Garcia sold a total of $67.9 million worth of shares. This move by a major shareholder could potentially influence market sentiment and investor confidence in the company's future prospects.