Overview
- Effective before the market opens on December 22, Carvana will be added to the S&P 500 as part of the quarterly rebalancing.
- CRH plc and Comfort Systems USA will also join the index, while LKQ Corp., Solstice Advanced Materials, and Mohawk Industries will be removed.
- Carvana shares jumped about 10% after the announcement and are up roughly 96% to 97% year to date, with a more than 5,000% gain over three years reported in coverage.
- In Q3 2025, the company sold 155,941 vehicles, generated $5.65 billion in revenue, and posted $263 million in net income, underscoring its return to profitability.
- The addition is expected to trigger index-tracking fund purchases, as S&P 500 ETFs such as VOO and SPY buy shares to match the benchmark.