Carvana stock is trading at its highest level in nearly two years after earnings Carvana Co (NYSE:CVNA) stock is surging today, up 35% to trade at $117.69, after the online used-car retailer reported first-quarter earnings of 23 cents per share -- much higher than the expected loss of 64 cents -- on revenue of$3.1 billion. Better yet, the firm also issued a better-than-expected guidance for the current quarter. Morgan Stanley and J.P. Morgan Securities both upgraded CVNA to "overweight," and no less than e ...