"Shares of Carvana ( NYSE: CVNA) jumped 10% in pre-market trading on December 9, 2025, following news that the company will join the S&P 500 on December 22. Yet retail sentiment tells a starkly different story. On Reddit and X, traders remain deeply skeptical, with social sentiment scores hovering around 25 out of 100, firmly bearish territory. While institutional money prepares to pour in through index funds, retail investors are calling it "one of the greatest market manipulations in history.""
"The disconnect is striking. Carvana has surged 120% year-to-date and 45% in the past month alone. Analysts at JPMorgan Chase & Co. ( NYSE:JPM) upgraded the stock to Overweight with a $425 target. The company posted record Q3 adjusted EBITDA of $637M and sold 155,941 retail units, up 44% year-over-year. Yet mentions on r/WallStreetBets remain overwhelmingly negative, with users questioning why executives are selling millions of dollars in shares at $370-$400 if the business is truly healthy."
Carvana will join the S&P 500 on December 22, prompting a 10% pre-market jump. Institutional flows via index funds are expected to increase demand. The company reported record Q3 adjusted EBITDA of $637M and sold 155,941 retail units, up 44% year-over-year, and received an Overweight upgrade from JPMorgan with a $425 target. Retail investors on Reddit and X remain bearish, citing social sentiment scores around 25/100, over $30M in insider selling, potential weakening used-car demand, and past accounting and related-party transaction concerns tied to executive ownership.
Read at 24/7 Wall St.
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