Carrier Global Rises 2.01% on Mixed Earnings Amid $250M in Volume Ranking 467th in Market Activity

On August 13, 2025, Carrier Global (CARR) rose 2.01% with a trading volume of $0.25 billion, ranking 467th in market activity. The stock’s performance followed mixed guidance and operational updates from its Q2 earnings report.

Management highlighted robust commercial HVAC growth, particularly in the Americas, with a 45% year-on-year surge described as “exceptional” by CEO David Gitlin. However, residential and light commercial segments faced challenges, including a late cooling season and elevated channel inventories. Regional performance varied, with strength in India, Japan, and the Middle East offset by ongoing softness in China and parts of Europe. CFO Patrick Goris noted that lower residential sales in Q3 would temper operating profit growth despite productivity gains.

Analyst questions during the earnings call underscored key concerns. European margin pressures were attributed to product mix and lower boiler volumes, while U.S. residential demand remained weaker than expected. Capacity expansions in North America and globally were emphasized to meet rising data center demand. Management reaffirmed full-year revenue guidance of $23 billion and adjusted EPS of $3.05, with operating margins up to 14.8% from 12.2% a year prior.

The backtest results for a strategy of holding the top 500 stocks by daily trading volume showed a 3.77% return from 2022 to the present. This outperformed a baseline of holding all market stocks but carried risks tied to volatility and liquidity. The analysis emphasized that high trading volume does not guarantee future performance, urging caution in live trading applications.