Carvana rises on 5-for-1 stock split

Carvana Co

13/03/2026 13:29

** Shares of used-car retailer Carvana CVNA.N rise 2.4% to nearly $300 in premarket trading

** Board approved a 5-for-1 split of its common stock on Friday, marking first split for company

** Trading on a split-adjusted basis will begin at the market open on May 7

** Eighteen of 26 brokerages rate the stock "buy" or higher, 7 "hold" and one "sell"; their median PT before the stock split was $435

** As of last close, shares down 30.66% YTD

(Reporting by Aishwarya Jain in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com;))