Carvana (CVNA) Shocks with 10.7% Gain as Buyers Move to Used Cars

We recently published 10 Stocks With Surprising Gains. Time to Sell? Carvana Co. (NYSE:CVNA) is one of the companies that stood stronger last week.

Shares of Carvana Co. jumped by 10.74 percent week-on-week to hit a new all-time high after boasting a strong earnings performance in the second quarter of the year, thanks to auto tariffs on new vehicles that shifted consumer demand to used cars.

On Thursday, Carvana Co. (NYSE:CVNA) said net income during the period climbed by 542 percent to $308 million from $48 million in the same period last year, while total revenues increased by 42 percent to $4.84 billion from $3.41 billion. This followed 143,280 units sold during the period, or a 41 percent jump year-on-year.

Last week also saw the company propelled to a new all-time high of $413.33, before paring gains to end Friday’s trading at $367.78.

Despite the strong performance, the company posted a more conservative outlook for the third quarter, saying that “as long as the environment remains stable,” it would expect a sequential increase in retail units sold, with adjusted EBITDA range of $2 billion to $2.2 billion for full-year 2025, versus $1.38 billion last year.