Carvana Trading Volume Plummets 50.74% to $9.80 Billion Ranking 89th Despite Bullish Analyst Upgrades

On May 15, 2025, Carvana (CVNA) experienced a significant decline, with its trading volume dropping by 50.74% to $9.80 billion, placing it at the 89th position in the day's stock market rankings. The stock price of Carvana fell by 2.66%.

Morgan Stanley analyst Adam Jonas raised the firm's price target on Carvana to $290 from $280, maintaining an Overweight rating on the shares. This adjustment reflects a bullish outlook on the company's prospects, driven by strong performance and strategic initiatives.

Carvana's stock has been the subject of increased analyst attention, with Morgan Stanley reiterating its Overweight rating and raising its price target to $290 per share. This move underscores the firm's confidence in Carvana's growth potential and market position.

Carvana's price target was also upgraded by Piper Sandler, moving from a Neutral to an Overweight rating with a target price of $225. This upgrade highlights the growing optimism among analysts regarding Carvana's future performance.