carvana looks poised to close at highest level since dec 6 carvana cos stock rose by as much as 16 on wednesday trading as high as 559 and looking poised to snap a twosession losing streak gains moderated in recent trading and carvana stock cvna is up about 7 a close around recent levels would be carvanas highest since dec 6 when it closed at 671 concerns have surfaced about carvanas debt and liquidity but analysts at citi recently started coverage of the stock at a hold rating on hopes the online marketplace for vehicles will benefit from a growing desire for online car shopping and gain market share in a fragmented industry carvana shares are down 98 this year on pace for their worst year on record based on data going back to april 2017 in comparison the sp 500 is down about 16 for the year carvana is off 99 from its alltime closing high of 37010 on aug 10 2021