Carvana Announces First-Ever Stock Split With 5-for-1 Plan

U.S.-based online used‑car retailer Carvana announced plans for its first-ever stock split as the company seeks to make its shares more accessible to investors. The board of directors approved a 5‑for‑1 forward stock split of the company’s Class A and Class B common shares.

Under the plan, shareholders will receive four additional shares for every share they hold, effectively increasing the total number of shares outstanding while proportionally reducing the share price. The move does not change the overall market value of investors’ holdings but is typically aimed at improving liquidity and making shares more affordable for retail investors.

The stock split will require shareholder approval through an amendment to the company’s certificate of incorporation. Carvana said the proposal will be submitted for a vote at its annual shareholder meeting scheduled for May 5.

If approved, shareholders of record at the close of trading on May 6 will receive the additional shares. Trading on a split‑adjusted basis is expected to begin on May 7 on the New York Stock Exchange under the existing ticker symbol CVNA.