Overview
- Carvana disclosed this would be its first stock split and positioned it to broaden access to whole shares.
- The company filed a preliminary proxy with the SEC and plans to submit a definitive Schedule 14A before the vote.
- If approved, shareholders of record at the close on May 6 will receive four additional shares for each share held, with no action required.
- Split-adjusted trading is expected to begin May 7 under the existing ticker CVNA, contingent on approvals and filings.
- The announcement followed strong 2025 results and shares rose about 3% in early trading, with the company highlighting employee equity programs and its Employee Stock Purchase Plan as part of the rationale.