Carvana (CVNA) Soars Toward S&P 500 Debut – Is the 8,000% Rally Still Sustainable in 2025?
Carvana shares closed at $447.98 on December 8, up 12% for the day and near record highs, after news it will join the S&P 500 on December 22. The company’s market value now stands around $87–97 billion, surpassing Ford and GM. Carvana’s stock has surged over 8,000% since 2022 lows. Analysts remain split on whether the valuation is sustainable.