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Carvana Board of Directors Approves 5 for 1 Forward Stock Split
Carvana's first-ever 5-for-1 stock split supports employee ownership amid 78% stock rise and record profitability in 2025, CFO Mark Jenkins said.
- On March 13, 2026, Carvana's Board of Directors approved a 5-for-1 forward stock split, pending shareholder approval at the May 5, 2026 annual meeting, the announcement published via Business Wire from Phoenix.
- Aiming to broaden access for employees, Carvana said the split supports long-standing equity programs, with Mark Jenkins stating, 'This is the first split in Carvana's history, and we believe it achieves the important goal of keeping our stock accessible to all of our team members.'
- Carvana intends to effect the split by amending its Certificate of Incorporation, subject to stockholder approval at the Annual Meeting on May 5, 2026, and has filed a preliminary proxy with the SEC including Schedule 14A.
- Following the announcement, markets reacted with a modest rally as news of the split drove shares higher by roughly 3% in early premarket activity, pushing the price to approximately $302.
- Amid scrutiny from a January short-seller report, the company warns stockholders might reject the split and notes CVNA's weight in ETFs could trigger automatic stock trading.
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12 Articles
Does Carvana's 5-to-1 Stock Split Make It a Buy?
Carvana (NYSE:CVNA) has delivered one of the most explosive rallies in recent market history, soaring nearly 4,000% over the past three years from pandemic-era lows. As recently as January, the used-car disruptor traded near $486, producing even more spectacular returns for early believers. Yet that momentum has notably stalled, with shares down nearly 40% from ... Does Carvana’s 5-to-1 Stock Split Make It a Buy?
Why Is Carvana Stock Gaining Today? - Carvana (NYSE:CVNA)
Carvana (NYSE:CVNA) shares are rising on Friday after the company announced a 5-for-1 forward stock split aimed at making its stock more accessible to employees. The board approved the split following strong stock appreciation and record units sold and profitability in 2025, marking the first stock split in the company's history. CFO Mark Jenkins said the move supports Carvana's long-standing focus on employee ownership through programs such as …
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