Carvana Notches $33 Billion, 12-Day Run Ahead of S&P Entry

The shares of Carvana, which went public in 2017, climbed over 50% from Nov. 21 close, the session before the run of gains began, and have added over $33 billion to the valuation over that stretch. The S&P 500 entry, announced Dec. 5, has added fuel to the shares’ ascent. S&P Dow Jones Indices said Carvana will join along with CRH Plc and Comfort Systems USA Inc. The first day Carvana trades in the index will be Dec. 22.