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Carvana Notches $33 Billion, 12-Day Run Ahead of S&P Entry
A worker unloads a vehicle from a flatbed truck at a Carvana vending machine location in Uniondale, New York.
Photographer: Angus Mordant/BloombergCarvana Co. shares extended their rally to a record 12th straight session ahead of the online used-car dealer’s entry into the S&P 500 Index this month.
The stock closed up 2.5% at an all-time high of $467.67 on Wednesday. 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.