Carrier Global Stock Plummets -9.6% With 7-Day Losing Streak
Carrier Global (CARR) stock hit day 7 of a continuous streak of days with losses, with cumulative losses over this period amounting to a -9.6% return. The company has lost about $4.7 Bil in value over the last 7 days, with its current market capitalization at about $44 Bil. The stock remains 23.0% below its value at the end of 2024. This compares with year-to-date returns of 12.5% for the S&P 500.
Carrier Global’s recent streak saw shares pressured by Q3 earnings that, despite an EPS beat, revealed a 7% revenue dip and significantly lowered full-year sales guidance due to residential HVAC weakness and dealer destocking. This prompted analyst price target cuts, overshadowing commercial segment strength.
What is the point? Sustained weakness can be more than noise. It often signals shifting sentiment or deeper concerns. A multi-day losing streak may warn of further downside, or present an opportunity to buy if fundamentals are intact. Our take: There are a few things to fear in CARR stock given its overall Weak operating performance and financial condition. This isn’t appropriately reflected in the stock’s Moderate valuation which is why we think it is Unattractive (see Buy or Sell CARR).
For quick background, CARR provides HVAC, refrigeration, fire, security, and building automation technologies, including air conditioners, heating systems, controls, and aftermarket components across three business segments.
Comparing CARR Stock Returns With The S&P 500
The following table summarizes the return for CARR stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | CARR | S&P 500 |
|---|---|---|
| 1D | -2.1% | -0.8% |
| 7D (Current Streak) | -9.6% | -1.7% |
| 1M (21D) | -9.5% | -1.7% |
| 3M (63D) | -21.9% | 3.5% |
| YTD 2025 | -23.0% | 12.5% |
| 2024 | 20.3% | 23.3% |
| 2023 | 41.5% | 24.2% |
| 2022 | -22.7% | -19.4% |
Gains and Losses Streaks: S&P 500 Constituents
There are currently 19 S&P constituents with 3 days or more of consecutive gains and 132 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 10 | 28 |
| 4D | 4 | 70 |
| 5D | 0 | 23 |
| 6D | 2 | 5 |
| 7D or more | 3 | 6 |
| Total >=3 D | 19 | 132 |
Key Financials for Carrier Global (CARR)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $19.0 Bil | $22.5 Bil |
| Operating Income | $2.1 Bil | $2.1 Bil |
| Net Income | $1.3 Bil | $5.6 Bil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $6.1 Bil | $5.6 Bil |
| Operating Income | $795.0 Mil | $495.0 Mil |
| Net Income | $591.0 Mil | $428.0 Mil |
The losing streak CARR stock is currently on doesn’t inspire much confidence among investors. In contrast, Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.