The "El Paso Times" identifies the students as 16-year-old Carlos Mario Gonzalez Bermudez and 15-year-old Juan Carlos Echeverri Junior.
Another teenager was killed in the same attack at a used car dealership, but he is not identified as a U.S. student.
There's no word on why they were shot.
Nine people were killed over the weekend in three separate attacks in Juarez.
The murder rate in the city has spiked over the past few years due to turf wars between drug cartels.
(Copyright 2011 by VERTEXNews/Newsroom Solutions)