Carvana Joins S&P 500 After Stellar 97% YTD Rally
Carvana (CVNA) will replace LKQ Corp in the S&P 500 on December 22, 2025, capping a dramatic turnaround for the online used-car retailer. Shares surged 10% in after-hours trading following the announcement, extending a 97% year-to-date gain and a staggering 10,000% rebound from 2022 lows.
The inclusion reflects Carvana's operational revival: Q3 GAAP EPS of $1.03 (up 61% YoY) and $5.65 billion revenue (55% growth) signal sustainable momentum. Cost-cutting and debt restructuring have transformed a company that traded below $4 just three years ago.
CRH and Comfort Systems USA will also enter the index in the rebalance, while Solstice Advanced Materials and Mohawk Industries exit alongside LKQ.