A Carvana Stock (CVNA) Split Has Reignited Interest In the Used-Car Retailer
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Carvana (CVNA) stock surged after a five-for-one stock split, approved by shareholders, aimed at making shares more accessible to investors. This marks Carvana's first stock split, following significant growth in 2025. Analyst Sharon Zackfia from William Blair maintained a Buy rating with a $77 price target, indicating a potential 3.45% downside, but affirmed the company's strong growth outlook. On Friday, CVNA stock rose 0.33%, though it remains down 4.9% year-to-date, with a 49.19% increase over the past year. Trading volume was 542,000 shares, below the three-month average of 2.84 million.
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