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Carvana Rises on S&P Inclusion, Pepsi Plans Layoffs, Netflix Slides | Stock Movers

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December 8, 2025

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On this episode of Stock Movers:

- Carvana (CVNA) CRH and Comfort Systems USA were selected for inclusion to the S&P 500. The companies will join the benchmark in a quarterly rebalance at the end of December, S&P Dow Jones Indices said Friday. The trio will replace LKQ Corp., Solstice Advanced Materials Inc. and Mohawk Industries Inc. prior to the start of trading on Dec. 22. Shares of the used car-retailer Carvana hit an all time high in trading on Monday.

- Pepsi (PEP) announced a series of operational changes backed by activist investor Elliott Investment Management on Monday, including a review of its supply chain and slashing its overall number of products. The company is also planning layoffs in North America, according to an internal memo. The moves, which include the removal of nearly 20% of its US product lineup, will “accelerate organic revenue growth, deliver record productivity savings and improve core operating margin – starting in 2026,” Chief Executive Officer Ramon Laguarta said in a statement. Shares in PepsiCo have fallen roughly 5% this year through last week’s close, giving the company a market value approaching $200 billion.

- Netflix (NFLX) shares slid today after Paramount Skydance launched a hostile takeover bid to buy Warner Bros. Discovery. Netflix executives looked to reassure investors that they’ll be the ultimate owners of Warner Bros. Discovery Inc. after Paramount Skydance Corp. launched a competing, hostile offer for the iconic entertainment company. The pair said the Paramount offer was “entirely expected” but that Netflix would win over regulators. They also reiterated Netflix’s plans to keep releasing Warner Bros. films in theaters.

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Carvana Rises on S&P Inclusion, Pepsi Plans Layoffs, Netflix Slides

Guests & Subjects Covered

Stock MoversCarvana CVNA CRHComfort Systems USAFriday TheMohawk Industries IncPepsi PEPElliott Investment ManagementNorth America

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Carvana Rises on S&P Inclusion, Pepsi Plans Layoffs, Netflix Slides | Stock Movers · Bloomberg Podcasts · Sentinel