Retail-Auto Dealers and Gas Stations

Casey's General Stores Inc. vs Carvana Co.

WatchlistCASY / CVNAPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($65B vs $26B) in Nasdaq's "Retail-Auto Dealers and Gas Stations" industry; SEC SIC 5500 / 5500 (same major group); #1 and #2 by market value ($65B vs $26B) with SEC SIC 5500 (Retail-Auto Dealers & Gasoline Stations).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: -0.03 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.51 (needs <= -2.873 (5% critical value))
Business leadership

CVNA is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearCASYCVNALarger
2025$17.6B$20.3BCVNA
2024$15.9B$13.7BCASY
2023$14.9B$10.8BCASY
2022$15.1B$13.6BCASY
2021$13.0B$12.8BCASY
2020$8.7B$5.6BCASY

Revenue lead switched: 2025 to CVNA. Market value: CASY $25.6B, CVNA $64.6B.

Stock leadership

CASY is ahead now

Measured against the pair's own last 252 trading days.

CASY leads CVNA by 0.96 standard deviations: +24.6% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
CASY-17.2%-9.6%+30.2%
CVNA-2.9%-27.2%-17.5%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2385 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: -0.03 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.51 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 32.67 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CASY Casey's General Stores Inc. CVNA Carvana Co.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150200250Oct 2024Oct 2025Oct 2026CASY 183CVNA 153
Spread z-score: CASY relative to CVNA, against the 252 sessions before each day. Above 0: CASY ahead; below 0: CVNA ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCASY indexCVNA indexzAhead
2026-10-22182.92153.47+0.96CASY ahead
2026-10-21178.19154.70+0.81CASY ahead
2026-10-20175.45157.49+0.67CASY ahead
2026-10-19177.81153.44+0.85CASY ahead
2026-10-16176.66153.76+0.82CASY ahead
2026-10-15172.66158.43+0.60CASY ahead
2026-10-14167.53151.48+0.66CASY ahead
2026-10-13164.49157.83+0.41near the usual relationship
2026-10-12165.51155.53+0.51CASY ahead
2026-10-09165.65166.56+0.22near the usual relationship
2026-10-08164.62165.18+0.23near the usual relationship
2026-10-07162.31164.03+0.20near the usual relationship
2026-10-06159.12166.95+0.05near the usual relationship
2026-10-05158.23166.54+0.04near the usual relationship
2026-10-02158.34166.67+0.04near the usual relationship
2026-10-01158.79164.76+0.11near the usual relationship
2026-09-30155.96163.45+0.07near the usual relationship
2026-09-29153.76166.27-0.06near the usual relationship
2026-09-28155.39158.04+0.21near the usual relationship
2026-09-25153.39170.04-0.15near the usual relationship
2026-09-24153.49167.74-0.09near the usual relationship
2026-09-23153.10167.14-0.08near the usual relationship
2026-09-22149.90170.93-0.26near the usual relationship
2026-09-21150.03175.58-0.36near the usual relationship
2026-09-18153.14170.17-0.14near the usual relationship
2026-09-17155.70172.08-0.12near the usual relationship
2026-09-16150.97170.93-0.21near the usual relationship
2026-09-15150.49174.85-0.32near the usual relationship
2026-09-14159.33185.22-0.32near the usual relationship
2026-09-11157.75180.75-0.25near the usual relationship
2026-09-10160.87183.68-0.24near the usual relationship
2026-09-09161.23191.86-0.40near the usual relationship
2026-09-08188.00195.29+0.16near the usual relationship
2026-09-04193.79194.95+0.30near the usual relationship
2026-09-03194.39191.91+0.38near the usual relationship
2026-09-02193.15193.82+0.32near the usual relationship
2026-09-01196.57188.65+0.51CASY ahead
2026-08-31192.80191.99+0.36near the usual relationship
2026-08-28193.64193.51+0.36near the usual relationship
2026-08-27195.66193.64+0.40near the usual relationship
2026-08-26206.87193.27+0.64CASY ahead
2026-08-25211.44198.03+0.63CASY ahead
2026-08-24218.94189.04+0.97CASY ahead
2026-08-21214.21182.71+1.02CASY ahead
2026-08-20212.32186.92+0.90CASY ahead
2026-08-19214.32184.10+1.01CASY ahead
2026-08-18219.15169.88+1.43CASY ahead
2026-08-17222.99183.18+1.21CASY ahead
2026-08-14216.96197.56+0.80CASY ahead
2026-08-13218.83192.62+0.95CASY ahead
2026-08-12215.05189.43+0.95CASY ahead
2026-08-11212.72188.18+0.94CASY ahead
2026-08-10219.01193.82+0.95CASY ahead
2026-08-07213.75185.17+1.04CASY ahead
2026-08-06213.36178.61+1.19CASY ahead
2026-08-05218.60181.59+1.23CASY ahead
2026-08-04218.03177.80+1.31CASY ahead
2026-08-03220.52172.83+1.49CASY ahead
2026-07-31223.25162.98+1.79CASY ahead
2026-07-30222.35160.58+1.86CASY ahead
2026-07-29222.26173.33+1.56CASY ahead
2026-07-28219.62172.68+1.54CASY ahead
2026-07-27218.73167.37+1.67CASY ahead
2026-07-24220.85158.02+1.97CASY ahead
2026-07-23224.34157.31+2.08CASY ahead
2026-07-22219.59164.00+1.84CASY ahead
2026-07-21219.98171.40+1.67CASY ahead
2026-07-20222.08167.63+1.83CASY ahead
2026-07-17220.20176.00+1.60CASY ahead
2026-07-16211.98184.67+1.24CASY ahead
2026-07-15207.23184.49+1.16CASY ahead
2026-07-14217.14183.94+1.38CASY ahead
2026-07-13220.20169.86+1.81CASY ahead
2026-07-10210.13172.05+1.56CASY ahead
2026-07-09210.69175.42+1.50CASY ahead
2026-07-08216.10173.44+1.68CASY ahead
2026-07-07205.56176.39+1.40CASY ahead
2026-07-06206.89183.94+1.26CASY ahead
2026-07-02204.39179.29+1.33CASY ahead
2026-07-01201.02177.38+1.31CASY ahead
2026-06-30203.71172.02+1.52CASY ahead
2026-06-29199.98166.54+1.60CASY ahead
2026-06-26199.57162.96+1.70CASY ahead
2026-06-25201.13173.02+1.48CASY ahead
2026-06-24205.40177.49+1.47CASY ahead
2026-06-23213.22169.44+1.88CASY ahead
2026-06-22213.17174.25+1.76CASY ahead
2026-06-18215.88173.96+1.85CASY ahead
2026-06-17218.08164.29+2.19CASY ahead
2026-06-16221.78183.05+1.78CASY ahead
2026-06-15223.60180.07+1.92CASY ahead
2026-06-12229.43167.53+2.42CASY ahead
2026-06-11234.85177.25+2.30CASY ahead
2026-06-10234.68175.76+2.37CASY ahead
2026-06-09195.10181.93+1.31CASY ahead
2026-06-08192.65181.51+1.27CASY ahead
2026-06-05195.29173.83+1.56CASY ahead
2026-06-04195.20172.99+1.59CASY ahead
2026-06-03198.43166.35+1.89CASY ahead
2026-06-02193.31171.45+1.63CASY ahead
2026-06-01191.10185.56+1.19CASY ahead
2026-05-29196.63190.79+1.20CASY ahead
2026-05-28200.17192.07+1.27CASY ahead
2026-05-27201.05190.79+1.33CASY ahead
2026-05-26207.46183.34+1.71CASY ahead
2026-05-22211.46178.45+1.96CASY ahead
2026-05-21211.41168.29+2.29CASY ahead
2026-05-20218.51169.65+2.45CASY ahead
2026-05-19218.42165.57+2.62CASY ahead
2026-05-18219.37172.55+2.47CASY ahead
2026-05-15218.57175.55+2.39CASY ahead
2026-05-14224.91181.72+2.40CASY ahead
2026-05-13227.70182.69+2.48CASY ahead
2026-05-12222.27192.67+2.08CASY ahead
2026-05-11224.80199.23+1.98CASY ahead
2026-05-08220.30203.70+1.76CASY ahead
2026-05-07218.11209.10+1.57CASY ahead
2026-05-06219.95203.53+1.78CASY ahead
2026-05-05221.03198.15+1.98CASY ahead
2026-05-04218.54196.83+1.97CASY ahead
2026-05-01214.26199.99+1.78CASY ahead
2026-04-30210.73206.89+1.50CASY ahead
2026-04-29200.31207.30+1.20CASY ahead
2026-04-28201.10212.44+1.08CASY ahead
2026-04-27206.20212.60+1.22CASY ahead
2026-04-24204.93213.83+1.15CASY ahead
2026-04-23202.44210.66+1.16CASY ahead
2026-04-22200.67217.86+0.91CASY ahead
2026-04-21200.39209.57+1.11CASY ahead
2026-04-20196.96210.12+0.99CASY ahead
2026-04-17193.44202.57+1.09CASY ahead
2026-04-16188.96189.35+1.33CASY ahead
2026-04-15188.86193.97+1.19CASY ahead
2026-04-14190.30195.60+1.18CASY ahead
2026-04-13188.39187.79+1.35CASY ahead
2026-04-10189.20175.79+1.73CASY ahead
2026-04-09194.48170.89+2.04CASY ahead
2026-04-08194.38177.10+1.82CASY ahead
2026-04-07190.14167.38+2.00CASY ahead
2026-04-06191.66165.62+2.12CASY ahead
2026-04-02190.55164.08+2.15CASY ahead
2026-04-01188.94163.13+2.15CASY ahead
2026-03-31186.56164.33+2.05CASY ahead
2026-03-30180.65152.00+2.32CASY ahead
2026-03-27183.07157.88+2.20CASY ahead
2026-03-26182.45157.53+2.22CASY ahead
2026-03-25183.07161.29+2.12CASY ahead
2026-03-24176.61157.32+2.07CASY ahead
2026-03-23173.53156.60+2.00CASY ahead
2026-03-20169.07147.03+2.21CASY ahead
2026-03-19170.49153.77+2.00CASY ahead
2026-03-18171.61152.20+2.11CASY ahead
2026-03-17177.31164.52+1.84CASY ahead
2026-03-16172.57159.93+1.85CASY ahead
2026-03-13169.39156.89+1.85CASY ahead
2026-03-12172.71152.97+2.11CASY ahead
2026-03-11175.57161.77+1.88CASY ahead
2026-03-10176.83166.62+1.75CASY ahead
2026-03-09170.33171.59+1.36CASY ahead
2026-03-06170.34166.07+1.56CASY ahead
2026-03-05171.96173.10+1.38CASY ahead
2026-03-04175.29165.31+1.77CASY ahead
2026-03-03173.84166.74+1.68CASY ahead
2026-03-02176.09168.89+1.69CASY ahead
2026-02-27175.72174.67+1.49CASY ahead
2026-02-26174.89184.99+1.13CASY ahead
2026-02-25173.20175.05+1.40CASY ahead
2026-02-24174.67169.96+1.63CASY ahead
2026-02-23172.18169.93+1.56CASY ahead
2026-02-20171.02175.96+1.32CASY ahead
2026-02-19169.96173.95+1.37CASY ahead
2026-02-18168.57188.98+0.82CASY ahead
2026-02-17169.56183.44+1.04CASY ahead
2026-02-13170.67179.22+1.23CASY ahead
2026-02-12170.16179.89+1.20CASY ahead
2026-02-11166.29190.30+0.72CASY ahead
2026-02-10167.56204.74+0.32near the usual relationship
2026-02-09168.90215.15+0.07near the usual relationship
2026-02-06169.40211.00+0.20near the usual relationship
2026-02-05167.38200.56+0.44near the usual relationship
2026-02-04166.03205.45+0.25near the usual relationship
2026-02-03164.39214.50-0.08near the usual relationship
2026-02-02160.42213.21-0.19near the usual relationship
2026-01-30155.45209.66-0.29near the usual relationship
2026-01-29156.69223.43-0.63CVNA ahead
2026-01-28157.71214.33-0.34near the usual relationship
2026-01-27158.15249.71-1.26CVNA ahead
2026-01-26158.18247.61-1.22CVNA ahead
2026-01-23159.77247.40-1.16CVNA ahead
2026-01-22158.61250.09-1.28CVNA ahead
2026-01-21160.30237.84-0.91CVNA ahead
2026-01-20163.67231.19-0.62CVNA ahead
2026-01-16164.14231.62-0.61CVNA ahead
2026-01-15163.37240.91-0.89CVNA ahead
2026-01-14157.96239.72-1.08CVNA ahead
2026-01-13154.97244.92-1.33CVNA ahead
2026-01-12154.41242.81-1.31CVNA ahead
2026-01-09152.20242.06-1.40CVNA ahead
2026-01-08150.30231.34-1.20CVNA ahead
2026-01-07147.02235.63-1.46CVNA ahead
2026-01-06144.52230.22-1.43CVNA ahead
2026-01-05144.63224.80-1.29CVNA ahead
2026-01-02142.58209.22-0.95CVNA ahead
2025-12-31141.67220.59-1.32CVNA ahead
2025-12-30143.94224.53-1.35CVNA ahead
2025-12-29145.31226.62-1.36CVNA ahead
2025-12-26145.79229.19-1.42CVNA ahead
2025-12-24145.54230.81-1.49CVNA ahead
2025-12-23145.32228.61-1.45CVNA ahead
2025-12-22147.02226.64-1.33CVNA ahead
2025-12-19143.15235.34-1.75CVNA ahead
2025-12-18140.34243.45-2.12CVNA ahead
2025-12-17142.18233.25-1.78CVNA ahead
2025-12-16141.69237.93-1.95CVNA ahead
2025-12-15140.18234.13-1.94CVNA ahead
2025-12-12138.43238.19-2.16CVNA ahead
2025-12-11139.10247.10-2.41CVNA ahead
2025-12-10136.66244.46-2.49CVNA ahead
2025-12-09144.36238.53-1.99CVNA ahead
2025-12-08145.21234.16-1.84CVNA ahead
2025-12-05145.34208.96-1.07CVNA ahead
2025-12-04144.34208.48-1.11CVNA ahead
2025-12-03142.33206.47-1.15CVNA ahead
2025-12-02145.28199.77-0.79CVNA ahead
2025-12-01145.87196.15-0.64CVNA ahead
2025-11-28146.22195.76-0.61CVNA ahead
2025-11-26146.40186.78-0.28near the usual relationship
2025-11-25144.93183.59-0.24near the usual relationship
2025-11-24138.61172.97-0.13near the usual relationship
2025-11-21143.61161.98+0.56CASY ahead
2025-11-20141.29163.74+0.38near the usual relationship
2025-11-19142.69172.36+0.09near the usual relationship
2025-11-18140.54165.81+0.25near the usual relationship
2025-11-17137.47168.90-0.02near the usual relationship
2025-11-14137.94166.38+0.10near the usual relationship
2025-11-13137.55166.50+0.08near the usual relationship
2025-11-12137.10171.55-0.15near the usual relationship
2025-11-11138.27170.86-0.06near the usual relationship
2025-11-10136.50168.46-0.06near the usual relationship
2025-11-07136.76158.90+0.36near the usual relationship
2025-11-06134.07151.66+0.54CASY ahead
2025-11-05134.73161.87+0.13near the usual relationship
2025-11-04134.04161.93+0.09near the usual relationship
2025-11-03131.65173.71-0.51CVNA ahead
2025-10-31131.54160.23+0.03near the usual relationship
2025-10-30132.91159.46+0.13near the usual relationship
2025-10-29135.61185.01-0.75CVNA ahead
2025-10-28136.46189.33-0.87CVNA ahead
2025-10-27137.37185.64-0.70CVNA ahead
2025-10-24136.14183.58-0.69CVNA ahead
2025-10-23136.58178.77-0.50CVNA ahead
2025-10-22139.73170.86-0.04near the usual relationship
2025-10-21140.49186.02-0.58CVNA ahead
2025-10-20144.66176.47-0.04near the usual relationship
2025-10-17145.34174.49+0.06near the usual relationship
2025-10-16143.88180.18-0.22near the usual relationship
2025-10-15144.60185.78-0.40near the usual relationship
2025-10-14143.84180.81-0.26near the usual relationship
2025-10-13144.98176.82-0.07near the usual relationship
2025-10-10142.68172.10+0.00near the usual relationship
2025-10-09141.55188.19-0.64CVNA ahead
2025-10-08141.93188.65-0.65CVNA ahead
2025-10-07142.20193.57-0.81CVNA ahead
2025-10-06143.23193.19-0.76CVNA ahead
2025-10-03145.45196.39-0.77CVNA ahead
2025-10-02143.89206.32-1.17CVNA ahead
2025-10-01143.32206.69-1.21CVNA ahead
2025-09-30144.90197.19-0.85CVNA ahead
2025-09-29143.78205.25-1.16CVNA ahead
2025-09-26140.34193.03-0.93CVNA ahead
2025-09-25139.21194.12-1.03CVNA ahead
2025-09-24140.22195.92-1.05CVNA ahead
2025-09-23141.25197.64-1.06CVNA ahead
2025-09-22140.32204.30-1.32CVNA ahead
2025-09-19140.23204.85-1.35CVNA ahead
2025-09-18139.36197.67-1.17CVNA ahead
2025-09-17142.33197.62-1.04CVNA ahead
2025-09-16143.84190.58-0.75CVNA ahead
2025-09-15142.23190.97-0.84CVNA ahead
2025-09-12141.97189.10-0.79CVNA ahead
2025-09-11141.99185.17-0.67CVNA ahead
2025-09-10138.02190.85-1.01CVNA ahead
2025-09-09138.74196.02-1.14CVNA ahead
2025-09-08133.67194.56-1.32CVNA ahead
2025-09-05129.60192.82-1.45CVNA ahead
2025-09-04127.69193.49-1.57CVNA ahead
2025-09-03128.05189.39-1.44CVNA ahead
2025-09-02127.64191.52-1.54CVNA ahead
2025-08-29126.75194.41-1.67CVNA ahead
2025-08-28127.13197.26-1.75CVNA ahead
2025-08-27127.72192.02-1.59CVNA ahead
2025-08-26127.33194.55-1.69CVNA ahead
2025-08-25127.29189.28-1.55CVNA ahead
2025-08-22128.99187.03-1.42CVNA ahead
2025-08-21130.77177.24-1.04CVNA ahead
2025-08-20131.59177.00-1.01CVNA ahead
2025-08-19130.47179.94-1.15CVNA ahead
2025-08-18129.74187.92-1.44CVNA ahead
2025-08-15130.17182.94-1.28CVNA ahead
2025-08-14130.25179.08-1.16CVNA ahead
2025-08-13132.02182.88-1.21CVNA ahead
2025-08-12133.19180.39-1.09CVNA ahead
2025-08-11132.20180.47-1.13CVNA ahead
2025-08-08133.02181.67-1.14CVNA ahead
2025-08-07132.84187.00-1.31CVNA ahead
2025-08-06133.66185.51-1.24CVNA ahead
2025-08-05131.94183.34-1.26CVNA ahead
2025-08-04134.12188.52-1.32CVNA ahead
2025-08-01133.99192.24-1.43CVNA ahead
2025-07-31133.32203.95-1.77CVNA ahead
2025-07-30134.59174.37-0.92CVNA ahead
2025-07-29133.78175.89-1.00CVNA ahead
2025-07-28134.57175.80-0.97CVNA ahead
2025-07-25135.21173.60-0.89CVNA ahead
2025-07-24134.84170.45-0.82CVNA ahead
2025-07-23134.31179.29-1.09CVNA ahead
2025-07-22134.16178.54-1.08CVNA ahead
2025-07-21132.84178.73-1.14CVNA ahead
2025-07-18130.78181.65-1.31CVNA ahead
2025-07-17132.17180.91-1.24CVNA ahead
2025-07-16132.72184.01-1.31CVNA ahead
2025-07-15132.68182.12-1.27CVNA ahead
2025-07-14134.12181.56-1.21CVNA ahead
2025-07-11132.41179.64-1.23CVNA ahead
2025-07-10134.20180.62-1.20CVNA ahead
2025-07-09133.88183.52-1.30CVNA ahead
2025-07-08131.31180.82-1.33CVNA ahead
2025-07-07134.86186.78-1.36CVNA ahead
2025-07-03132.57182.08-1.33CVNA ahead
2025-07-02130.95179.49-1.33CVNA ahead
2025-07-01130.88176.81-1.27CVNA ahead
2025-06-30130.79176.13-1.26CVNA ahead
2025-06-27129.74166.88-1.05CVNA ahead
2025-06-26129.18160.20-0.89CVNA ahead
2025-06-25129.47165.05-1.02CVNA ahead
2025-06-24130.95168.82-1.08CVNA ahead
2025-06-23130.83167.31-1.05CVNA ahead
2025-06-20128.23167.21-1.14CVNA ahead
2025-06-18129.77160.95-0.92CVNA ahead
2025-06-17130.11153.67-0.71CVNA ahead
2025-06-16129.79151.61-0.67CVNA ahead
2025-06-13129.73155.26-0.78CVNA ahead
2025-06-12129.95166.72-1.08CVNA ahead
2025-06-11128.04177.89-1.43CVNA ahead
2025-06-10125.64176.94-1.50CVNA ahead
2025-06-09112.60177.67-2.00CVNA ahead
2025-06-06113.81178.49-1.99CVNA ahead
2025-06-05114.24179.45-2.01CVNA ahead
2025-06-04114.89180.67-2.03CVNA ahead
2025-06-03112.44177.78-2.07CVNA ahead
2025-06-02112.78173.25-1.97CVNA ahead
2025-05-30112.20171.01-1.95CVNA ahead
2025-05-29112.91167.08-1.84CVNA ahead
2025-05-28114.70167.43-1.80CVNA ahead
2025-05-27114.70163.56-1.72CVNA ahead
2025-05-23114.25158.96-1.63CVNA ahead
2025-05-22113.82157.99-1.63CVNA ahead
2025-05-21115.45152.68-1.43CVNA ahead
2025-05-20117.55158.01-1.52CVNA ahead
2025-05-19116.90159.54-1.60CVNA ahead
2025-05-16116.92156.76-1.54CVNA ahead
2025-05-15113.40155.45-1.65CVNA ahead
2025-05-14110.43159.70-1.90CVNA ahead
2025-05-13110.93153.19-1.71CVNA ahead
2025-05-12111.96146.16-1.48CVNA ahead
2025-05-09115.00140.15-1.19CVNA ahead
2025-05-08115.98149.25-1.44CVNA ahead
2025-05-07119.43135.47-0.89CVNA ahead
2025-05-06119.75135.28-0.88CVNA ahead
2025-05-05119.54135.68-0.91CVNA ahead
2025-05-02117.56134.39-0.94CVNA ahead
2025-05-01116.76131.66-0.89CVNA ahead
2025-04-30118.57127.72-0.70CVNA ahead
2025-04-29118.77127.33-0.68CVNA ahead
2025-04-28116.42126.25-0.73CVNA ahead
2025-04-25114.66123.96-0.73CVNA ahead
2025-04-24114.65122.85-0.69CVNA ahead
2025-04-23116.72115.49-0.38near the usual relationship
2025-04-22117.62110.79-0.19near the usual relationship
2025-04-21115.78102.36+0.05near the usual relationship
2025-04-17117.92110.51-0.19near the usual relationship
2025-04-16117.22109.40-0.18near the usual relationship
2025-04-15119.03111.76-0.21near the usual relationship
2025-04-14118.10107.01-0.08near the usual relationship
2025-04-11117.20107.78-0.15near the usual relationship
2025-04-10112.27106.46-0.27near the usual relationship
2025-04-09112.71115.23-0.55CVNA ahead
2025-04-08106.7592.16+0.06near the usual relationship
2025-04-07107.1487.75+0.24near the usual relationship
2025-04-04106.5884.98+0.33near the usual relationship
2025-04-03115.1395.02+0.20near the usual relationship
2025-04-02113.77118.30-0.63CVNA ahead
2025-04-01112.94111.12-0.44near the usual relationship
2025-03-31111.25109.29-0.44near the usual relationship
2025-03-28110.73106.85-0.38near the usual relationship
2025-03-27110.39106.61-0.39near the usual relationship
2025-03-26109.19107.09-0.45near the usual relationship
2025-03-25106.99115.86-0.80CVNA ahead
2025-03-24105.73111.67-0.72CVNA ahead
2025-03-21103.5599.81-0.41near the usual relationship
2025-03-20101.2096.92-0.39near the usual relationship
2025-03-19103.1092.04-0.16near the usual relationship
2025-03-1899.1687.04-0.11near the usual relationship
2025-03-17102.4497.49-0.39near the usual relationship
2025-03-14101.4094.70-0.33near the usual relationship
2025-03-1398.6987.12-0.15near the usual relationship
2025-03-12103.0693.72-0.25near the usual relationship
2025-03-1197.0790.02-0.32near the usual relationship
2025-03-1097.8389.70-0.29near the usual relationship
2025-03-07102.2098.52-0.46near the usual relationship
2025-03-06101.3297.67-0.47near the usual relationship
2025-03-05103.76112.85-0.87CVNA ahead
2025-03-04104.58112.43-0.84CVNA ahead
2025-03-03104.58114.71-0.91CVNA ahead
2025-02-28106.17121.84-1.06CVNA ahead
2025-02-27104.85116.67-0.97CVNA ahead
2025-02-26106.63121.60-1.06CVNA ahead
2025-02-25108.35115.87-0.85CVNA ahead
2025-02-24106.26112.72-0.83CVNA ahead
2025-02-21103.96116.72-1.01CVNA ahead
2025-02-20107.79129.49-1.23CVNA ahead
2025-02-19109.24147.31-1.59CVNA ahead
2025-02-18109.18148.73-1.63CVNA ahead
2025-02-14110.77149.15-1.60CVNA ahead
2025-02-13113.43142.39-1.39CVNA ahead
2025-02-12111.59140.05-1.40CVNA ahead
2025-02-11109.59141.73-1.50CVNA ahead
2025-02-10110.77139.99-1.43CVNA ahead
2025-02-07109.40138.03-1.43CVNA ahead
2025-02-06111.56137.56-1.37CVNA ahead
2025-02-05110.07133.80-1.33CVNA ahead
2025-02-04107.90134.68-1.41CVNA ahead
2025-02-03107.54131.53-1.36CVNA ahead
2025-01-31108.10129.36-1.30CVNA ahead
2025-01-30108.44127.51-1.25CVNA ahead
2025-01-29107.55128.30-1.30CVNA ahead
2025-01-28106.55127.99-1.32CVNA ahead
2025-01-27107.65126.57-1.27CVNA ahead
2025-01-24105.41125.70-1.31CVNA ahead
2025-01-23104.52127.08-1.37CVNA ahead
2025-01-22102.83122.34-1.32CVNA ahead
2025-01-21103.14121.44-1.29CVNA ahead
2025-01-17100.35120.48-1.35CVNA ahead
2025-01-16100.21121.23-1.38CVNA ahead
2025-01-15100.29111.88-1.17CVNA ahead
2025-01-14101.24102.03-0.91CVNA ahead
2025-01-13100.61101.67-0.92CVNA ahead
2025-01-1098.95100.91-0.95CVNA ahead
2025-01-08100.18102.97-0.98CVNA ahead
2025-01-0799.78103.68-1.01CVNA ahead
2025-01-06101.6998.71-0.85CVNA ahead
2025-01-03101.9992.60-0.68CVNA ahead
2025-01-02101.15104.31-1.01CVNA ahead
2024-12-31101.56106.30-1.06CVNA ahead
2024-12-30102.19110.06-1.14CVNA ahead
2024-12-27103.54112.43-1.17CVNA ahead
2024-12-26103.93117.12-1.27CVNA ahead
2024-12-24103.47117.03-1.29CVNA ahead
2024-12-23102.41116.36-1.31CVNA ahead
2024-12-20103.33117.33-1.32CVNA ahead
2024-12-19104.87116.55-1.28CVNA ahead
2024-12-18104.10121.80-1.42CVNA ahead
2024-12-17108.01132.61-1.55CVNA ahead
2024-12-16108.81133.69-1.56CVNA ahead
2024-12-13109.00129.76-1.50CVNA ahead
2024-12-12109.11129.51-1.50CVNA ahead
2024-12-11109.65131.17-1.53CVNA ahead
2024-12-10106.85123.63-1.45CVNA ahead
2024-12-09107.17127.56-1.53CVNA ahead
2024-12-06108.23131.31-1.59CVNA ahead
2024-12-05107.67133.67-1.66CVNA ahead
2024-12-04106.57135.97-1.73CVNA ahead
2024-12-03107.02133.69-1.69CVNA ahead
2024-12-02107.93133.26-1.67CVNA ahead
2024-11-29107.88136.12-1.73CVNA ahead
2024-11-27107.90133.28-1.69CVNA ahead
2024-11-26109.31133.81-1.67CVNA ahead
2024-11-25109.37136.32-1.72CVNA ahead
2024-11-22109.67135.57-1.71CVNA ahead
2024-11-21106.73129.83-1.68CVNA ahead
2024-11-20106.10127.80-1.66CVNA ahead
2024-11-19105.52130.38-1.73CVNA ahead
2024-11-18103.70127.90-1.74CVNA ahead
2024-11-15102.88125.97-1.73CVNA ahead
2024-11-14103.99125.68-1.71CVNA ahead
2024-11-13104.86125.44-1.70CVNA ahead
2024-11-12106.90128.98-1.72CVNA ahead
2024-11-11105.34130.71-1.80CVNA ahead
2024-11-08105.82127.72-1.75CVNA ahead
2024-11-07105.95126.20-1.73CVNA ahead
2024-11-06104.88124.89-1.74CVNA ahead
2024-11-05101.73123.19-1.80CVNA ahead
2024-11-0497.68118.17-1.81CVNA ahead
2024-11-01100.78119.74-1.77CVNA ahead
2024-10-31100.99129.27-1.95CVNA ahead
2024-10-30102.09108.36-1.54CVNA ahead
2024-10-29102.14109.11-1.56CVNA ahead
2024-10-28102.68107.17-1.52CVNA ahead
2024-10-25100.25105.86-1.55CVNA ahead
2024-10-2499.10104.66-1.56CVNA ahead
2024-10-23100.09103.15-1.52CVNA ahead
2024-10-22100.07103.16-1.53CVNA ahead
2024-10-21100.50100.09-1.47CVNA ahead
2024-10-18100.00100.00-1.49CVNA ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 3, 2025 (CASY +1.2%, CVNA -19.7%); Jun 10, 2026 (CASY +20.3%, CVNA -3.4%). Upcoming earnings: CVNA Oct 28, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

CASY and CVNA at a glance

CASY Casey's General Stores Inc.

Listing
Nasdaq · SEC CIK 726958
Industry
Retail-Auto Dealers and Gas Stations · SIC 5500 Retail-Auto Dealers & Gasoline Stations
Market value
$25.6B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

CVNA Carvana Co.

Listing
NYSE · SEC CIK 1690820
Industry
Retail-Auto Dealers and Gas Stations · SIC 5500 Retail-Auto Dealers & Gasoline Stations
Market value
$64.6B
Price history
2,385 daily closes, Apr 28, 2017 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
CASY / CPRTWatchlistCASY by 0.68 sdRetail-Auto Dealers and Gas Stations
CVNA / CPRTWatchlistneitherRetail-Auto Dealers and Gas Stations

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.