Carrier Global Corporation Slips to 350th in Trading Volume Ranking Despite Stock Price Rise

On June 18, 2025, Carrier Global Corporation (CARR) experienced a significant decline in trading volume, with a total turnover of $224 million, marking a 43.62% decrease from the previous day. This placed Carrier at the 350th position in terms of trading volume for the day. Despite the drop in trading volume, the stock price of Carrier Global Corporation (CARR) rose by 0.10%.

Recent trading activity has indicated a bearish outlook for Carrier Global (CARR), as the volume of put options has surged significantly. A total of 1,538 puts were traded, which is 1.3 times the anticipated level. The July 2025 options saw the most action, particularly at the 70 and 67.5 strike levels, with around 1,400 contracts exchanged. This activity has pushed the Put/Call Ratio to 61.52, indicating a strong bearish sentiment. Additionally, the at-the-money implied volatility (ATM IV) has risen by over one point during the day. Investors are closely watching the company's upcoming earnings report, scheduled for July 31st, which could further influence market dynamics.

Carrier Global Corp (CARR) reported a strong start to 2025 with orders up high single digits and double-digit growth in Climate Solutions, Europe, and Transportation. The company achieved 27% adjusted EPS growth on 2% organic growth, with a free cash flow of $420 million. Carrier Global Corp (CARR) introduced new products, such as the first air-cooled commercial heat pump in Europe, enhancing energy efficiency and operational performance. The aftermarket segment showed robust growth, with commercial HVAC aftermarket up about 10% and margin upgrades growing by 20%. Carrier Global Corp (CARR) increased its full-year adjusted EPS guidance to $3 to $3.10, reflecting a 20% year-over-year increase.

However, the Climate Solutions segment in Asia, Middle East, and Africa underperformed, with organic sales down 6% due to weakness in residential China and parts of Southeast Asia. Light Commercial sales were lower than expected, down around 35%, impacting the overall sales outlook. The residential and light commercial business in Europe saw a 10% decline in organic sales, although it is expected to return to modest growth in the second quarter. Carrier Global Corp (CARR) faces a $300 million tariff exposure, which it plans to offset through pricing strategies. The company's legacy residential light commercial business in Europe is operating with low single-digit margins, indicating room for improvement.