Carvana Co. (CVNA) Announces Proposed 5M Class A Share Common Offering

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Carvana Co. Announces Offering of Class A Common Stock

May 18, 2020 5:06 PM EDT

PHOENIX--(BUSINESS WIRE)-- Carvana Co. (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, today announced that it has commenced a public offering of its Class A common stock. Carvana is proposing to sell 5,000,000 shares of Class A common stock. The underwriters will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The last reported sales price of Carvanas Class A common stock on May 18,... More