Carvana Announces First Five-for-One Stock Split for Staff
Carvana will split its shares five-for-one to increase accessibility for all team members and retail buyers. Split-adjusted trading is set to begin on May 7.
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The online used-car retailer Carvana Co., based in the United States, announced on Friday its first-ever stock split. The Tempe, Arizona-based company, known for its iconic vehicle vending machines, plans to divide each of its shares into five. Following the announcement, the retailer's shares rose by 2.8% in market activity.
