CVNA

AI Research

5-for-1 Stock Split Announced + LA Same-Day Delivery → 3M Annual Unit Long-Term Sales Target

Carvana announced a 5-for-1 stock split reflecting management confidence after a strong 2025 recovery, aimed at improving liquidity and retail investor accessibility, with the stock trading at $306 after recovering from earlier lows. The company rolled out same-day vehicle delivery in Los Angeles and outlined a long-term roadmap at the Morgan Stanley TMT Conference targeting 3 million annual unit sales, significantly above current volume. Director J. Danforth Quayle sold 2,900 shares on March 9, representing minor insider selling at elevated valuations, while Carvana's recovery from near-bankruptcy to S&P 500 constituent status continues to be one of the most dramatic corporate turnaround stories in recent memory.