Carvana Co. (CVNA) surged 13.76% on Thursday, closing at $454.78, up $55.01 on the day. The stock trades on the NYSE.
The sharp move higher came without any specific company news, suggesting the rally may be driven by investor optimism, broader market momentum in growth names, or short-covering activity.
Carvana opened at $409.77, hit a high of $471.49, and a low of $404.42 during the session. The stock's previous close was $399.77.
Volume was notably elevated at 3.7 million shares, compared with its average volume of 2.2 million, indicating unusually heavy trading activity.
The stock now trades near the upper end of its 52-week range of $25.09 to $497.50, reflecting its volatility and steep appreciation over the past year.
Carvana remains a closely watched name due to its high beta, improving fundamentals, and sensitivity to macro sentiment.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.