Carrier Global Dives 1.74% on $340M Volume Ranking 299th as Analysts Split on Outlook

On August 11, 2025, Carrier Global (CARR) fell 1.74% with a $340 million trading volume, ranking 299th in market activity. The stock has underperformed broader benchmarks over 52 weeks, trailing the S&P 500’s 20.1% gain by 17.7 percentage points and the Industrial Select Sector SPDR Fund’s 21.4% return by 19.7 percentage points. Recent weakness followed a 10.6% post-earnings selloff on July 29, despite Q2 2025 results showing $6.11 billion in revenue (3% year-over-year growth) and a 26% rise in adjusted EPS to $0.92.

Analyst sentiment remains mixed. Of 23 analysts covering CARR, 13 hold “Strong Buy” ratings, one “Moderate Buy,” and nine “Hold.” Morgan Stanley’s Chris Snyder recently cut the price target to $75 from $78 while maintaining an “Equal-Weight” stance. The mean price target of $84.19 implies a 27.5% upside, with the highest target at $100 signaling a 51.4% potential gain. Despite four consecutive quarters of earnings surprises, the stock’s underperformance reflects broader industrial sector pressures and cautious investor positioning.

A backtested strategy of purchasing the top 500 volume-driven stocks and holding for one day returned 166.71% from 2022 to 2025, outpacing the 29.18% benchmark by 137.53 percentage points. This highlights the role of liquidity concentration in short-term performance, particularly in volatile markets where high-volume stocks like CARR may experience amplified price swings.