CVNA CARVANA CO.

NEUTRAL Impact: 2/10 8-K
Horizon days Filed May 6, 2026 Processed 1mo ago SEC 0001690820-26-000039
8-K context-dependent: Items 5.02
Latest settled — T+20d
CVNA ▼ -20.44% at T+20d
NEUTRAL call ✗ call lost -20.44% · α vs SPY -23.58% · entry $80.00 → $63.65
Next anchor: T+60d in 7w
Last close $69.45 (close Jun 8) · -13.19% from $80.00 entry
Entry anchored
May 6, 2026
via day open
T+1d
-2.58%
call -2.58% · α -3.41%
$77.94
settled 5w ago
T+5d
-12.63%
call -12.63% · α -14.13%
$69.90
settled 28d ago
T+20d
-20.44%
call -20.44% · α -23.58%
$63.65
settled 6d ago
T+60d
call — · α —
in 7w

Price Chart

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Executive Summary

Carvana held its 2026 Annual Meeting, where stockholders approved a 5-for-1 forward stock split (effective May 7, 2026), a new equity incentive plan, and director elections. The stock split is mechanical and does not alter fundamentals; the new plan authorizes future equity grants but is routine.

Actionable Insight

Monitor for any insider selling or dilution updates following the stock split and new equity plan. The split may attract retail interest but does not change valuation.

Key Facts

  • Stockholders approved a 5-for-1 forward stock split of Class A and Class B common stock effective May 7, 2026.
  • Authorized shares increased to 2.5B Class A and 625M Class B, up from prior amounts.
  • Stockholders approved the Carvana Co. 2026 Omnibus Incentive Plan, replacing the 2017 plan.
  • Michael Maroone and Neha Parikh re-elected as Class III directors.
  • Grant Thornton LLP ratified as independent auditor for FY2026.
  • Say-on-pay proposal approved with ~98% of votes cast in favor.

Financial Impact

No direct financial impact; stock split is cosmetic. Potential future dilution from new equity plan, but amount undisclosed.

Risk Factors

  • Forward stock split can signal management's belief stock is overvalued, though not material here.
  • New incentive plan allows annual share reserve increases of 2% of outstanding shares, posing potential dilution.

Market Snapshot

Exchange
NYSE
Sector
Retail-Auto Dealers & Gasoline Stations
Analyst Consensus
69% bullish (32 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001690820-26-000039
Document: cvna-20260505.htm0001690820-26-000039
Document: cvnacertificateamendment55.htm0001690820-26-000039
Document: 0001690820-26-000039-index-headers.html0001690820-26-000039
Document: 0001690820-26-000039-index.html0001690820-26-000039
Document: 0001690820-26-000039.txt0001690820-26-000039
17 reports for CVNA
Performance horizon
100% Hit rate 4 of 4 directional calls best @ T+20▲ +81.35%May 1, 2026
Filters
Rows
Reports for CVNA — sortable, filterable
Type Now
Jun 9, 2026
today
Insider Cluster
NEUTRAL ★ 2/10
$69.66 awaiting T+1awaiting T+1$69.45 (−0.30%)
Jun 8, 2026
1d ago
144
NEUTRAL ★ 2/10
$69.45 awaiting T+1awaiting T+1$69.45 (−0.00%)
Jun 4, 2026
5d ago
Insider Cluster
NEUTRAL ★ 4/10
$65.99 awaiting T+1awaiting T+1$69.45 (+5.24%)
Jun 3, 2026
6d ago
Insider Cluster
NEUTRAL ★ 3/10
$66.19 $66.51▲ +0.48%▲ +3.08%$69.45 (+4.93%)
May 6, 2026
4w ago
8-K
NEUTRAL ★ 2/10
$80.00 $77.94▼ −2.58%▼ −3.41%$69.45 (−13.19%)
May 1, 2026
5w ago
144
BEARISH ★ 7/10
$376.50 $388.07▼ −3.07%▼ −2.28%$69.45 (+81.55%)
May 1, 2026
5w ago
Insider Cluster
BEARISH ★ 6/10
$380.68 $376.50▲ +1.10%▲ +0.76%$69.45 (+81.76%)
May 1, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$77.88 $80.00▼ −2.73%▼ −3.06%$69.45 (+10.82%)
May 1, 2026
5w ago
Insider Cluster
NEUTRAL ★ 4/10
$380.68 $376.50▼ −1.10%▼ −0.76%$69.45 (−81.76%)
Apr 8, 2026
8w ago
144
NEUTRAL ★ 3/10
$326.79 $335.84▲ +2.77%▲ +2.83%$69.45 (−78.75%)
Showing 10 of 17

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