Upstart Stock Rallies 1.97% Despite 450th-Ranked $250M Volume as Investors Weigh Growth and Risks

On September 8, 2025, , ranking 450th in market activity. The stock’s performance reflects mixed investor sentiment following recent developments in its business and broader market dynamics.

Upstart’s Q2 earnings highlighted strong top-line growth, . However, concerns over a declining take rate—revenue as a percentage of originations—emerged as a key drag, . Management attributed this to expansion into newer segments like home and auto loans, which have less mature unit economics compared to its core personal loan business. , analysts remain cautious about macroeconomic risks, including inflation and valuation concerns.

, . J.P. , citing favorable credit trends and an attractive risk-reward profile. Nevertheless, , underscoring persistent skepticism about its long-term sustainability amid high valuation multiples.

, . , reflecting confidence in its ability to scale. However, .

To run this back-test, the following parameters are required: the universe includes all U.S. common stocks excluding ETFs and ADRs; ranking is based on prior-day dollar volume; trades are executed at the next-day open and closed the same day; and trading costs are ignored. Confirmation of these details will enable the retrieval plan and execution of the back-test.