CVNA Stock Reverses Early Gains - Carvana Board Approves First Ever Stock Split

• Shareholders will receive four additional shares for each share held, covering both Class A and Class B common stock.
• The decision follows significant stock appreciation after the company hit new all-time records for units and profitability, CFO said.
• The stock has fallen 40% since reaching an all-time high on Jan. 23, 2026.

Shares of Carvana (CVNA) reversed early gains to trade 1% lower on Friday after the company announced that its board has approved a 5-for-1 stock split, the first in its history.

CVNA shares have been trending down lately and are on track to fall for a fourth consecutive session. The stock has fallen 40% since reaching an all-time high on Jan. 23, 2026.

First Split In Carvana's History

Carvana added that if shareholders approve of the split at the annual meeting on May 5, they will receive four additional shares for each share held, covering both Class A and Class B common stock.

“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. This decision follows significant stock appreciation as Carvana reached new all-time records for units and profitability while continuing to lead the industry in growth in 2025,” said Mark Jenkins, Chief Financial Officer of Carvana. 

How Did Stocktwits Users React?

Retail sentiment on Stocktwits has remained 'bullish' for more than a week despite the downtrend.

One user speculated that the share split will clean up the capital structure.

Another user speculated on how the rising oil prices and inflation could hurt the company.

Carvana reported strong fourth-quarter results recently, selling 163,522 retail units, up 43% year over year, and reporting a revenue 58% increase in revenue to $5.6 billion. 

The company posted net income of $951 million expects significant growth in retail units and adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in 2026.

Year-to-date, the stock has declined more than 30%.

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