Carvana stock: Morgan Stanley cuts target for Carvana stock to USD 88.00

Published on 10/16/2026 at 17:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carvana will report third-quarter results on October 28, 2026. Carvana stock was trading at EUR 53.97 on October 16, 2026 at 5:03 p.m. CEST.

Morgan Stanley target reset

Morgan Stanley lowered its Carvana target from USD 90.00 to USD 88.00 on October 15, 2026.
Carvana will report third-quarter 2026 results on October 28, 2026.
Carvana stock costs EUR 53.97 at Lang & Schwarz on October 16, 2026 at 5:03 p.m. CEST.
Carvana's price-to-earnings ratio stood at 28.16 on October 16, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Morgan Stanley lowered its Carvana price target from USD 90.00 to USD 88.00 on October 15, 2026, while keeping an Overweight rating, according to Markets Insider. The target stood 45.24 percent above the USD 60.59 home-exchange price reported for Carvana on October 16, 2026. Carvana stock was trading at EUR 53.97 at Lang & Schwarz on October 16, 2026 at 5:03 p.m. CEST.

Results date is October 28

Carvana plans to publish third-quarter 2026 financial results after the market closes on October 28, 2026, with a conference call scheduled for 5:30 p.m. ET. The date and call details appear on the company's investor-relations page, Carvana.

Range starts at USD 54.46

Carvana's home-exchange price was USD 60.59 on October 16, 2026 at 11:08 a.m. ET. The 52-week range was USD 54.46 to USD 97.38 on the same date, placing the price USD 6.13 above the low and USD 36.79 below the high. Trading volume reached 1,902,858 shares against an average volume of 8,888,470 shares.

Valuation and target distance

Carvana's market capitalization was USD 66.5 billion on October 16, 2026, while its price-to-earnings ratio was 28.16. The Morgan Stanley target of USD 88.00 remains materially above the home-exchange price of USD 60.59, a gap calculated from those two same-currency figures.

Carvana price stays the frame

The October 15 target revision gives investors a fresh valuation marker before the results date, while the wide 52-week range highlights the stock's sensitivity to earnings expectations. The October 28 release is the next scheduled company date.

Carvana was trading at EUR 53.97 at Lang & Schwarz on October 16, 2026 at 5:03 p.m. CEST.

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