Carvana Co. (CVNA) Announces Proposed $1B Offering of Class A Common Stock

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Go back to Carvana Co. (CVNA) Announces Proposed $1B Offering of Class A Common Stock

Carvana Co. Announces Proposed Offering of Class A Common Stock

April 20, 2022 4:51 PM EDT

 

PHOENIX--(BUSINESS WIRE)-- Carvana Co. (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, today announced its intention to offer, subject to market and other conditions, $1 billion of its Class A common stock in a public offering registered under the Securities Act of 1933, as amended (the Securities Act).

Ernest Garcia, II, along with Ernie Garcia, III, Carvanas Chief Executive Officer, and entities controlled by one or both of them, have indicated an interest in purchasing up to an aggregate of $432 million of the... More