Carvana’s Bold 5-for-1 Stock Split: Timeline, Investor Impact, and May 2026 Execution

Carvana Co. (NYSE: CVNA) has ignited Wall Street with a proposed 5-for-1 stock split, marking the first such move in the company’s history. The used-car e-commerce disruptor’s board has greenlit the forward split, pending shareholder approval at the May 5, 2026 annual meeting. If ratified, the split will multiply outstanding shares fivefold while reducing the price per share to one-fifth of its current value, keeping the company’s $30+ billion market cap intact.