:max_bytes(150000):strip_icc()/GettyImages-21503181521-2e4352abd75c4665af1b02f976f88cac.jpg "These 3 Stocks Are Set to Join the S&P 500 Soon and Rising")
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Key Takeaways
- Carvana, CRH, and Comfort Systems USA will join the S&P 500 prior to the opening of trading on Dec. 22, according to S&P Dow Jones Indices.
- The three stocks will replace LKQ, Solstice Advanced Materials, and Mohawk Industries.
Carvana, CRH, and Comfort Systems USA shares climbed Monday after S&P Dow Jones Indices said the stocks are set to join the S&P 500.
Shares of used car retailer Carvana (CVNA) were up over 10% in recent trading, while construction materials provider CRH (CRH) jumped 6%, and mechanical and electrical services company Comfort Systems USA (FIX) added about 2%. (Read our daily markets coverage here.)
The three stocks will join the benchmark index prior to the opening of trading Dec. 22, S&P Dow Jones Indices said Friday, as part of its quarterly rebalancing. The companies will be replacing auto parts distributor LKQ (LKQ), specialty materials maker Solstice Advanced Materials (SOLS), and flooring manufacturer Mohawk Industries (MHK), shares of which were little changed Monday morning.
Why This Is Significant
Joining a major index like the S&P 500 is typically seen as advantageous for stocks, as it exposes them to a wider group of investors and pushes funds tracking the index to add the shares.
Stocks that are added to major indexes like the S&P 500 often benefit from the move, as it may be taken as a vote of confidence in their returns and boost awareness among investors. Index funds that track stocks added to the indexes will also be driven to buy the shares.
With Monday’s gains, shares of Carvana and Comfort Systems USA have more than doubled in value in 2025. CRH shares have climbed close to 40% this year so far.
