On June 16, Carvana Co. rose 3.21% in regular trading, trading near $70.00 per share, with turnover of $23.51 million. The stock continues its recovery trajectory after previously declining from above $72 to approximately $65 on concerns over Q2 retail GPU headwinds and RBC Capital Markets lowering its price target.

On the news front, Carvana's ADESA subsidiary recently launched ADESA Timed, a self-service digital auction platform expanding wholesale capabilities to financial institutions, fleet operators, rental companies, and dealer groups nationwide. The platform complements existing ADESA Clear and ADESA Simulcast products, broadening the company's digital marketplace alongside physical auctions. Meanwhile, RBC Capital Markets maintains its outperform rating with an $85 target price, implying approximately 21% upside from current levels.

On fundamentals, the company reported Q1 EPS of $1.69, exceeding consensus estimates of $1.50–$1.58, with revenue of $6.432 billion representing 52% year-over-year growth, providing underlying support for the ongoing price recovery.

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