Carvana's First-Ever Stock Split: 5-for-1 Move Makes Shares More Accessible
Carvana announces first-ever 5-for-1 forward stock split, pending May 5, 2026 shareholder approval, to boost team ownership and affordability.
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Starboard Targets CarMax: $350M Investment Backs Keith Barr to Revamp Used-Car Giant
Activist Starboard takes $350M stake in CarMax, nominates board members, and pushes for faster turnaround under incoming CEO Keith Barr.
Carvana Stock Crashes – Strong Profits Still Not Good Enough for Wall Street
Online used-car giant Carvana misses profit forecasts due to higher costs, sending shares plunging 21% after hours despite record sales and revenue growth.
JPMorgan and BTIG Stand by Carvana After Gotham City Short Report
JPMorgan and BTIG maintain positive ratings on Carvana, disputing Gotham City Research’s short-seller claims and highlighting misrepresented data.
Gotham City Research Alleges Carvana Earnings Overstated by $1B+
Short-seller Gotham City Research claims Carvana's profits are artificially inflated through related-party transactions with DriveTime, predicting accounting restatements and auditor resignation.
CarMax Shares Slide as Used Car Sales Slow and Carvana Gains Ground
CarMax shares drop sharply after weak used car sales, shrinking profits, and rising pressure from fast-growing rival Carvana.