Shareholders of the used-car retailer will vote on the stock split on May 5.

Shares of Carvana edged higher after the company said its board of directors has approved a 5-for-1 stock split expected to take place in May. Shares were up 2.7% at $300.62 in Friday morning trading.

Carvana (CVNA) approved a 5-for-1 stock split pending shareholder approval at its May 5 annual meeting, which would reduce the post-split price to roughly $60 per share and potentially broaden retail ...

Learn how reverse/forward stock splits work as a unique strategy to manage shareholder numbers, involving a reverse and forward stock split process.

March 13 (Reuters) - Used-car retailer Carvana said on Friday it would split each of its shares into five in its first stock split, sending its shares up 2.8%. The Tempe, Arizona-based online retailer ...