New York, February 4, 2026, 21:19 EST — The market has closed.
Shares of Carvana Co. (CVNA) dropped 4.3%, closing at $393.04 on Wednesday. The stock fluctuated widely, ranging from $366.62 to $410.52 throughout the day.
U.S. markets remain closed until Thursday’s open, so this move mainly signals how traders are positioned. Carvana is still viewed as a high-volatility stock heading into next week’s key events, and it doesn’t take much to move the needle.
Carvana announced it will release its fourth-quarter and full-year 2025 earnings after the market closes on Wednesday, Feb. 18. The company has set a conference call for 5:30 p.m. ET. (Carvana Investors)
Carvana announced Tuesday that it has rolled out same-day vehicle delivery in the greater Eugene, Oregon area. “Customers in the Eugene-area can now complete their online purchase and have their vehicle delivered to their driveway within hours,” said Jacqueline Hearns, senior director of market operations and expansion. (Carvana Investors)
A regulatory filing caught some eyes. On Feb. 3, Chief Operating Officer Benjamin E. Huston exercised options and sold shares across several trades under a Rule 10b5-1 plan — a preset schedule insiders use to avoid charges of trading on non-public info. (SEC)
The broader market gave little lift. CarMax shares gained 4.6%, while Carvana dipped, marking a split day for used-car stocks. The Dow closed up, but the S&P 500 slipped, per market data. (MarketWatch)
Carvana’s shares have remained volatile since late January, after short seller Gotham City Research flagged related-party deals involving the Garcia family and claimed the company overstated its earnings. Carvana pushed back, calling the report “inaccurate and intentionally misleading,” according to the Financial Times. For context, a short seller profits if a stock’s price drops.
Risks cut both ways. On Wednesday, Rosen Law Firm announced it’s probing possible securities claims for Carvana shareholders over accusations the company might have provided misleading info — a common headline for volatile stocks that can unsettle investors. (PR Newswire)
Next week, investors are expected to shift their attention away from delivery footprint updates and zero in on the fundamentals: retail unit sales, gross profit per unit, auto loan funding conditions, and any new information on related-party disclosures. The key question remains how sustainable the recent figures really are.
Carvana’s next major event is its earnings release and conference call scheduled for Feb. 18 at 5:30 p.m. ET, as listed on its events calendar. (Carvana Investors)
