Overview
- Shares closed at a record $467.67 on Dec. 10, marking a 12th straight gain, more than 50% above the Nov. 21 close and adding over $33 billion in value.
- Carvana’s addition to the S&P 500 takes effect Dec. 22, following the Dec. 5 announcement by S&P Dow Jones Indices.
- Barclays, Evercore ISI and Bank of America raised price targets after the index decision, and William Blair cited the stock in its top ideas for 2026.
- The company credits tighter cost controls, debt reduction and a demand rebound for its comeback, with recent quarterly results highlighting improved execution.
- Commentary points to traction from Carvana’s online model—fixed pricing, home delivery and a seven-day return policy—and UBS projects used-car market share could rise to about 4% by 2030.