Yesterday it was announced which companies will be added to the S&P 500. Carvana was also added to the index. The company's shares are extremely volatile and have risen by more than 8,000% since 2023, which is crazy. The company currently meets all the requirements for inclusion, but that can change quickly.
What do you think about Carvana getting into the S&P 500? Do you have shares $CVNA in your portfolio?
Of course I'm sorry I didn't invest in it 😂. Being added to the index will definitely help them, and the shares will keep rising for a while.
Anyone who bought in 2023 made a nice profit, but nobody expected such growth, and that valuation doesn't match the fundamentals.