markets

Max Knoblauch3/13/26

Carvana announces plans for a 5-for-1 stock split, the company’s first

Online car retailer Carvana said on Friday that its board has approved a 5-for-1 stock split, a first for the company.

Carvana shares climbed more than 2% in premarket trading on Friday.

Per the company’s announcement, the move is “designed to ensure that earning and buying whole shares of Carvana stock is within reach for all of its team members.”

Pending stockholder approval, the split will occur after the market closes on May 6.

Carvana stock is down 31% this year following steep drops after its Q4 earnings results last month and a short seller report earlier in the year. Carvana told Sherwood News that the report was “inaccurate and intentionally misleading.”

Carvana Board of Directors Approves 5 for 1 Forward Stock Split

Carvana Board of Directors Approves 5 for 1 Forward Stock Split

Pending stockholder approval, the split will occur after the market closes on May 6.

Carvana stock is down 31% this year following steep drops after its Q4 earnings results last month and a short seller report earlier in the year. Carvana told Sherwood News that the report was “inaccurate and intentionally misleading.”

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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