Back to top

Carrier Global Rises as Investors Lean Into Data-Center HVAC Growth Ahead of Earnings

Carrier Global (CARR) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued investor interest in Carrier’s commercial HVAC and data-center cooling exposure ahead of its late-July earnings report, rather than to a major new filing or transformative announcement today. This could also be because traders are positioning for another solid quarter after management previously highlighted very strong order growth and a backlog that supports 2026 data-center sales.

Details:

  • Carrier scheduled its second-quarter 2026 earnings release for July 28, which can draw buying interest as investors look ahead to updated guidance and order trends.
  • In first-quarter 2026 results, the company said global Commercial HVAC orders rose 35%, with data-center orders up more than 500%.
  • Carrier has also said its backlog already covers expected 2026 data-center sales, reinforcing the view that this business remains a meaningful growth driver.
  • No clearly market-moving SEC filing or major corporate announcement surfaced alongside today’s gain, suggesting the advance was likely driven by momentum, positioning, or a favorable read-through on its cooling and efficiency businesses.
  • Sources:

    Carrier Investor Relations, SEC, MarketBeat

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $CARR Insider Trading Activity

    CARR Insider Trades

    $CARR insiders have traded $CARR stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $CARR stock by insiders over the last 6 months:

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

    EARLY ACCESS
    Receive CARR Data Alerts
    Real-time alerts on filings, insider trades, and market signals — before everyone else.
    Get Alerts →

    $CARR Hedge Fund Activity

    We have seen 603 institutional investors add shares of $CARR stock to their portfolio, and 618 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $CARR Government Contracts

    We have seen $2,680,422 of award payments to $CARR over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

    $CARR Congressional Stock Trading

    Members of Congress have traded $CARR stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

    Here’s a breakdown of recent trading of $CARR stock by members of Congress over the last 6 months:

    To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

    $CARR Analyst Ratings

    Wall Street analysts have issued reports on $CARR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Citigroup issued a "Buy" rating on 01/12/2026

    To track analyst ratings and price targets for $CARR, check out Quiver Quantitative's $CARR forecast page.

    $CARR Price Targets

    Multiple analysts have issued price targets for $CARR recently. We have seen 10 analysts offer price targets for $CARR in the last 6 months, with a median target of $71.0.

    Here are some recent targets:

    • Varun Govindaraj from Bernstein set a target price of $75.0 on 06/10/2026
    • Chris Snyder from Morgan Stanley set a target price of $60.0 on 05/28/2026
    • Patrick Baumann from JP Morgan set a target price of $67.0 on 05/14/2026
    • Alexander Virgo from Evercore ISI Group set a target price of $85.0 on 05/01/2026
    • Julian Mitchell from Barclays set a target price of $79.0 on 05/01/2026
    • Deane Dray from RBC Capital set a target price of $81.0 on 05/01/2026
    • Andrew Kaplowitz from Citigroup set a target price of $79.0 on 05/01/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

    Read full article here »

    In-Depth Zacks Research for the Tickers Above

    Normally $25 each - click below to receive one report FREE:

    Carrier Global Corporation (CARR)