Carvana Shareholders Approve 5-For-1 Stock Split And Authorized Share Increase, Effective May 7, 2026

Carvana

Carvana

CVNA

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At the Annual Meeting, the Company's stockholders approved an amendment (the "Amendment") to the Company's Amended and Restated Certificate of Incorporation to effect a five-for-one forward stock split of the Company's Class A common stock and Class B common stock (the "Stock Split") and to proportionately increase the number of authorized shares of Class A common stock and Class B common stock (the "Authorized Share Increase"). The Stock Split will become effective on May 7, 2026 at 9:30 a.m. ET (the "Effective Time"). At the Effective Time, each share of the Company's Class A common stock and Class B common stock issued and outstanding immediately prior to the Effective Time will be automatically subdivided and reclassified into five shares of the Class A common stock or Class B common stock, as applicable. Trading of the Class A common stock is expected to begin on a split-adjusted basis on the New York Stock Exchange at market open on May 8, 2026.