NYSE:CVNA 21 December 2025 - 30 July 2026

Carvana Co. slipped 2.58% to $77.94 on Friday, its first session after the share split, with 6.96 million shares changing hands. The move puts a lower sticker price on one of the market’s most-watched turnaround names, but doesn’t alter the company’s fundamental pitch to investors.

Carvana’s five-for-one stock split became effective Thursday, putting the online used-car dealer’s strong recovery right back in the market’s sights. The Class A shares are set to start trading split-adjusted on the New York Stock Exchange when markets open Friday, according to a securities filing. The forward split increases share count and reduces the price per share, but investors’ stakes remain unchanged.

Carvana Co. heads into the final full trading week of 2025 with a familiar mix of ingredients: a still-hot momentum narrative, a newly “institutionalized” shareholder base after its S&P 500 inclusion, and the kind of valuation that makes both bulls and bears speak in italics.