Carvana stock gets a lower target as rates pressure margins
Published on 10/06/2026 at 17:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Carvana stock was trading at USD 63.94 on the NYSE on October 6, 2026 at 11:58 a.m. ET, up 0.35 percent from the prior close. As Investing.com reported on October 6, 2026, Stephens lowered its Carvana target from USD 91.50 to USD 83 while keeping an Overweight rating.
Stephens cuts the target to USD 83
The revised target sits 29.8 percent above Carvana's USD 63.94 intraday price. Stephens reduced its gain on sale per unit estimates by USD 140 for the third quarter of 2026, and its EBITDA estimates by 1.8 percent for that quarter, according to Investing.com.
The rate-sensitive business now faces a sharper profitability test. Stephens cited higher interest rates as its main concern, while also expecting Carvana's third-quarter results to exceed expectations across several metrics, the same October 6 report said.
Q2 revenue reaches USD 7.376 billion
Carvana's second-quarter 2026 revenue increased 52.4 percent year over year to USD 7.376 billion, while retail units sold rose 37.7 percent to 197,325. The figures were reported by Zacks for the quarter ended June 30, 2026.
Adjusted EBITDA rose to USD 769 million from USD 601 million in the year-earlier quarter, but the adjusted EBITDA margin narrowed from 12.4 percent to 10.4 percent. Carvana also guided to full-year 2026 adjusted EBITDA of USD 2.7 billion to USD 3.0 billion, according to Zacks.
Stock stays below its yearly high
At USD 63.94, Carvana stood 34.3 percent below its 52-week high of USD 97.38 and 17.4 percent above its 52-week low of USD 54.46. The October 6 session range was USD 63.54 to USD 65.28, with volume of 1,331,186 shares.
MarketBeat lists a Moderate Buy consensus based on 25 analysts, with an average target of USD 84.30, a low of USD 48 and a high of USD 120. The average target is 31.8 percent above the October 6 intraday price, while Carvana's market capitalization stood at USD 70.1 billion.
October 28 marks the next results date
Carvana plans to report third-quarter 2026 results and host its conference call on October 28, 2026, according to the company's investor-relations page. The date matters because the next report will test whether unit growth can offset the pressure on financing and vehicle-level profitability.
Carvana stock trades at USD 63.94
Carvana stock was last at USD 63.94 on the NYSE on October 6, 2026 at 11:58 a.m. ET, up 0.35 percent on the session.
Carvana stock at a glance
- Company: Carvana Co.
- ISIN: US1468691027
- Ticker: CVNA
- Trading venue: NYSE
- Price (as of October 6, 2026, 11:58 a.m. ET): USD 63.94
- Market capitalization: USD 70.1 billion (as of October 6, 2026)
- 52-week range: USD 54.46-97.38 (as of October 6, 2026)
- Sector / Industry: Consumer Discretionary / Automotive Retail
Upcoming dates for Carvana stock
- October 28, 2026: Third-quarter 2026 results and conference call
