CVNA

Carvana Co. (CVNA) reported a 1-to-5 stock split on May 8, 2026. The share price declined 8.25% from September 16, 2025, to September 15, 2026, and 16.71% from September 22, 2025, to September 18, 2026. On July 29, 2026, Carvana announced record second-quarter 2026 results, beating earnings per share and revenue estimates, though shares fell 6.63% after-hours. The company expanded its same-day delivery services to Fort Myers, Florida, on July 28, 2026, and to the greater Minneapolis area, while adding inspection and reconditioning capacity in Charlotte. On September 1, 2026, Carvana expanded its California operations with new IRC capabilities at its ADESA Brasher's wholesale auction site in Rio Linda. On September 2, 2026, Carvana extended its exclusive insurance partnership with Root through 2028. The company experienced a "near-death leverage crisis" in 2022-2023, with its stock losing approximately 98% of its value and analysts discussing bankruptcy, but staged a significant recovery, pushing its valuation back into the tens of billions by August 2026. In 2024, Carvana completed a debt restructuring and recapitalization, reducing its long-term debt by about $5.6 billion.