Carvana Notches $33 Billion, 12-Day Run Ahead of S&P Entry
Market Intelligence Analysis
AI-PoweredCarvana's stock has surged over 50% since November 21, adding $33 billion to its valuation, with the upcoming S&P 500 entry on December 22 expected to further fuel its growth.
Market impact analysis based on bullish sentiment with 70% confidence.
Article Context
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.
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