Carvana Approves 5-for-1 Stock Split

The move aims to make buying Carvana shares more accessible for all employees.

Mar. 13, 2026 at 1:05pm

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Carvana, the online car buying and selling platform, announced that its Board of Directors has approved a 5-for-1 forward stock split. The split is designed to ensure that earning and buying whole shares of Carvana stock is within reach for all of its team members, as the company has a long history of company-wide equity and benefits programs.

Why it matters

The stock split reflects Carvana's significant growth and profitability in 2025, as the company reached new all-time records for units sold and profitability. The move aims to keep Carvana's stock accessible to all employees, who are eligible to earn equity through their years of service with the company.

The details

Carvana intends to effect the stock split and a corresponding increase in authorized shares through an amendment of its Certificate of Incorporation, which will be submitted for approval of Carvana's stockholders at the company's Annual Meeting on May 5, 2026. If approved, each record holder of Class A and Class B common stock as of May 6 will receive four additional shares of common stock, with trading expected to commence on a split-adjusted basis at the market open on May 7.

  • Carvana's Board of Directors approved the 5-for-1 stock split on March 13, 2026.
  • Carvana's Annual Meeting of Stockholders is scheduled for May 5, 2026.
  • The record date for the stock split is May 6, 2026.
  • Trading is expected to commence on a split-adjusted basis on May 7, 2026.

The players

Carvana

An online car buying and selling platform that has a long history of company-wide equity and benefits programs for its employees.

Mark Jenkins

The Chief Financial Officer of Carvana.

Ernie Garcia

The Founder and CEO of Carvana.

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What they’re saying

“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.”

— Mark Jenkins, Chief Financial Officer (businesswire.com)

“'We're all in this together' is more than just a Carvana value; it is a reality of how we work and what makes us successful in delivering amazing customer experiences and in building toward our ambitious company goals. We're proud to have an incredible team that truly owns outcomes and to give each team member an opportunity to participate in the value we create together over time.”

— Ernie Garcia, Founder and CEO (businesswire.com)

What’s next

If stockholders approve the Certificate of Incorporation amendment at the company's Annual Meeting of Stockholders on May 5, 2026, each record holder of Class A and Class B common stock as of the close of market on May 6 will receive four additional shares of common stock.

The takeaway

Carvana's stock split reflects the company's strong growth and profitability, as well as its commitment to making stock ownership accessible to all of its employees. This move aligns with Carvana's values of teamwork and shared success, as the company aims to give each team member a stake in the value they create together.