Carvana Stock Rises as Company Joins S&P 500 After Major Turnaround
Carvana shares rose sharply on Monday after S&P Dow Jones Indices said the company would be added to the S&P 500 later this month, placing the online used car retailer among some of the most closely watched U.S. stocks. The stock rose about 11 percent during intraday trading, crossing $445 before paring gains. The company…