Nearly two years ago, Carvana (CVNA) faced a risk of bankruptcy. Its debt rose, and cash burn worsened. After cutting costs and restructuring its debt, the stock is on firmer footing. On December 22, 2025, Carvana is among many companies joining the S&P 500 (IVV) (SPY).
CRH plc (CRH), which is a building materials provider headquartered in Dublin, also joins the index. The S&P 500 also adds Comfort Systems (FIX), a provider of mechanical and electrical contracting services.
The additions replace Solstice Advanced Materials (SOL). SOLS stock is a spinoff from Honeywell (HON). The stock has fallen steadily since then. Selling pressure throughout October sent the stock from a $61 high to as low as $40.43. After the removal, investors might consider HON stock instead. It offers strong growth in the aerospace and building automation markets.
Set for removal from the index, Mohawk Industries (MHK) peaked at $143.13 in the summer to close at $110.69 last week. The stock does not offer a dividend. Furthermore, market headwinds and the timing of the recovery are reasons for management to shift to a cautious tone.
The index will also remove LKQ Corp. (LKQ) as shares hover near a 52-week low. In Q3, revenue of $3.5 billion is up by 1.4% Y/Y. Despite raising its diluted EPS guidance to $3.00 - $3.15, the removal from the index might send the stock lower.
