Carvana Joins S&P 500, Stock Surges
Update: 2025-12-08
Description
Carvanas Stock Surges After S&P 500 Index Inclusion: A Turnaround StoryCarvana, an online used car dealer, saw its stock jump nearly ten percent following its inclusion in the S&P 500 index. This announcement, effective December 22, will likely increase demand as many investment funds tracking the index will need to buy Carvana shares. The companys stock price reached a new fifty-two-week high of around $448.58 per share, a significant increase from its 2022 bankruptcy concerns. Despite recent volatility, Carvanas long-term growth is evident, with a $1,000 investment from five years ago now worth approximately $1,716.
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