Carvana's 2025 Rally Just Got Another Catalyst: S&P 500 Inclusion

Carvana (NYSE: CVNA) shares jumped a significant 12% on Monday, fueled by the news of its inclusion in the S&P 500, bringing its year-to-date gains to 125%.The online used car retailer underwent key changes in operational efficiency and financial management in 2023, resulting in the stock surging an astounding 9,540% since January 2023. Carvana's inclusion in the S&P 500, a highly regarded index, triggered passive funds and ETFs that track the index to buy its stock. As a result, Monday saw a trading volume of 14 million shares, a significant jump from its average daily trading volume of 3.3 million shares.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool