Carvana Stock Rockets 45% With 10-Day Winning Streak
Carvana (CVNA) stock hit day 10 of a continuous streak of days with gains, with cumulative gains over this period amounting to a 45% return. The company has gained about $16 Bil in value over the last 10 days, with its current market capitalization at about $53 Bil. The stock remains 120.3% above its value at the end of 2024. This compares with year-to-date returns of 16.4% for the S&P 500.
Carvana’s recent streak was ignited by its impending S&P 500 inclusion, triggering institutional buying. This capped a remarkable turnaround, underscored by robust Q3 revenue outperformance of $5.65 billion and strengthened operational efficiency, signaling accelerating market share gains in digital used car sales.
What is the point? Momentum often precedes conviction. A multi-day win streak can signal growing investor confidence or spark follow-on buying. Tracking such trends can help you ride the strength, or prepare for a well-timed entry if momentum fades. Our take: There are only a couple of things to fear in CVNA stock given its overall Strong operating performance and financial condition. But given its Very High valuation, the stock appears Relatively Expensive (see Buy or Sell CVNA).
For quick background, CVNA provides an e-commerce platform for buying and selling used cars, enabling customers to research, identify, and inspect vehicles with 360-degree imaging technology.
Comparing CVNA Stock Returns With The S&P 500
The following table summarizes the return for CVNA stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | CVNA | S&P 500 |
|---|---|---|
| 1D | 12.1% | -0.3% |
| 10D (Current Streak) | 44.6% | 3.7% |
| 1M (21D) | 54.4% | 1.9% |
| 3M (63D) | 19.5% | 5.1% |
| YTD 2025 | 120.3% | 16.4% |
| 2024 | 284.1% | 23.3% |
| 2023 | 1016.9% | 24.2% |
| 2022 | -98.0% | -19.4% |
However, big gains can follow sharp reversals – but how has CVNA behaved after prior drops? See CVNA Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 53 S&P constituents with 3 days or more of consecutive gains and 104 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 8 | 52 |
| 4D | 22 | 14 |
| 5D | 20 | 6 |
| 6D | 0 | 22 |
| 7D or more | 3 | 10 |
| Total >=3 D | 53 | 104 |
Key Financials for Carvana (CVNA)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $10.8 Bil | $13.7 Bil |
| Operating Income | $-80.0 Mil | $990.0 Mil |
| Net Income | $450.0 Mil | $210.0 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $4.8 Bil | $5.6 Bil |
| Operating Income | $511.0 Mil | $552.0 Mil |
| Net Income | $183.0 Mil | $151.0 Mil |
While CVNA stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.