Carvana (CVNA) Surges 12% on S&P 500 Index Inclusion
Carvana shares soared 13% Monday following news of its December 22 inclusion in the S&P 500, capping a 127% rally for 2025. The online auto retailer's 10,000% rebound from 2022 lows marks a stunning reversal for one of Wall Street's most-shorted stocks.
Third-quarter results showcased accelerating momentum—revenue grew 45.55% year-over-year while EPS exploded 1,900%. Management reaffirmed ambitions to sell 3 million vehicles within a decade, bolstered by record unit sales and per-vehicle profitability.
Analysts are turning bullish. Bank of America upgraded its price target to $455, citing market share gains over CarMax. CNN's survey shows 73% of analysts now rate CVNA a buy, with consensus targets reaching $500. The stock currently holds 18 Buy ratings against just 2 Sells.