Carvana expanded same-day delivery: BTIG kept USD 87 target for Carvana stock

Published on 10/20/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carvana sold 197,325 vehicles in Q2, up 38.00 percent year over year. Carvana stock costs EUR 52.30 on October 20, 2026, with Q3 results due October 28, 2026.

Delivery expansion and earnings date

Carvana expanded same-day delivery in Jacksonville on October 14, 2026.
Second-quarter revenue reached USD 7.38 billion, up 52.40 percent year over year.
Carvana stock trades at EUR 52.30 at 10:28 a.m. CEST at Lang & Schwarz on October 20, 2026.
Third-quarter results are scheduled for October 28, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana Co. (US1468691027) generated USD 7.38 billion in revenue in the second quarter of 2026, up 52.40 percent year over year, while the company expanded same-day delivery to Jacksonville on October 14, 2026, according to Carvana. The latest operating move arrives before the used-car retailer reports third-quarter results.

Delivery reaches Jacksonville

The Jacksonville expansion gives Carvana another concrete service milestone as the company tries to make vehicle purchases faster for customers. In the second quarter, Carvana sold 197,325 vehicles, an increase of 37.70 percent from a year earlier, according to Yahoo Finance.

That volume growth came with a profitability debate. Carvana reported USD 513.00 million in second-quarter net income, while Morgan Stanley cut its price target to USD 88.00 from USD 90.00 in a preview discussed by Yahoo Finance on October 19, 2026. The bank cited pressure on financing profit per vehicle and consumer-credit risks.

What does the target signal?

BTIG Research kept a Buy rating and a USD 87.00 target for Carvana in a report dated October 9, 2026, as reported by Ground News. The contrast between BTIG's unchanged target and Morgan Stanley's lower target puts financing economics alongside unit growth in the earnings debate.

Three recent milestones

On October 6, 2026, Stephens cut its Carvana target to USD 83.00 from USD 91.50, according to MarketScreener. On October 9, 2026, BTIG maintained its USD 87.00 target, and on October 14, 2026, Carvana expanded same-day delivery to Jacksonville.

Results date is October 28

Carvana is scheduled to report third-quarter 2026 results after the market close on October 28, 2026, with a conference call at 5:30 p.m. ET, according to MarketBeat. Its consensus forecast calls for USD 7.67 billion in revenue and USD 0.4435 in earnings per share.

Price meets a valuation test

Carvana stock was trading at EUR 52.30 at Lang & Schwarz on October 20, 2026, at 10:28 a.m. CEST. The primary listing is on the NYSE under CVNA, where the finance quote showed a USD 64.4 billion market capitalization and a USD 54.46 to USD 97.38 52-week range as of October 19, 2026.

The further course of trading is shown by the continuously updated real-time quote of Carvana stock.