Carvana, a popular online car retailer, will join the S&P 500 in a surprise move during the quarterly rebalancing on December 22. This marks a significant achievement for a business that nearly collapsed in 2022, making it one of the most improbable rebounds in stock-market history. Carvana’s stock jumped nearly 10% after the announcement, adding to its already impressive gains this year. The company’s inclusion in the S&P 500 will boost its visibility and demand, propelling its growth further. In the past, companies like Nvidia, Amazon, Netflix, and Tesla have experienced significant success after joining the S&P 500, showcasing the potential for Carvana’s future growth.

Carvana’s journey has been tumultuous, from being a hypergrowth darling in 2019-2021, to facing near-disaster in 2022, and finally thriving in 2024-2025 with record-breaking revenue and profits. The company’s unique online model and focus on customer experience have attracted younger, tech-savvy buyers and investors alike. Carvana’s entry into the S&P 500 is expected to elevate its growth story even further, solidifying its position as a key player in the automotive industry.

The S&P 500’s quarterly rebalancing on December 22 will see Carvana joining the index, a move that highlights the company’s remarkable comeback story and potential for continued growth. Investors are eagerly watching as Carvana’s inclusion in the index opens up new opportunities for the company to expand its market presence and solidify its position as a leader in the online car retail space.

Read more at Yahoo Finance: Major used-car retailer gets set to join the S&P 500