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Carvana Shares Jump 16% After Q3 Report, Morgan Stanley Names Top Pick

Carvana shares rose roughly 16% Thursday after its third-quarter earnings report. Morgan Stanley called the report “strong” and moved the stock into its top picks.

CVNA
SquawkNews Desk

Shares of Carvana Co. (CVNA) jumped roughly 16% on Thursday following the company’s third-quarter earnings report, which Morgan Stanley hailed as “strong” while moving the stock into its top picks.The stock is now on track for its best day since late July 2025, if the gains hold.CVNA Reports Record…

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