In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, AutoZone, Inc. (Symbol: AZO) has taken over the #235 spot from Carvana Co (Symbol: CVNA), according to The Online Investor.  

	Market capitalization is an important data

AutoZone Moves Up In Market Cap Rank, Passing Carvana 

Key PointsGE Vernova's order backlog has soared due to accelerating demand.

Stock-Split Watch: Is GE Vernova Next?

The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.69%.  September E-mini S&P futures (ESU26 ) are up +1.09%, and September E-mini Nasdaq futures...

Stocks Rebound as Microsoft Earnings Ease AI Spending Concerns

CVNA cuts non-GAAP SG&A expense by $170 per retail unit in Q1 2026 as higher sales improve efficiency, with more leverage expected as the business scales.


Will Carvana's SG&A Leverage Continue as the Business Scales Up?

Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars. It provides vehicle acquisition, inspection and reconditioning, online search and shopping experience, financing, complementary products, logistics network and distinctive fulfillment experience, and post-sale customer support services. The company also operates auction sites. Carvana Co. was founded in 2012 and is based in Tempe, Arizona.

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