Carvana stock: Morgan Stanley cuts target to USD 88.00 from USD 90.00 for Carvana stock

Published on 10/19/2026 at 15:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 7.38 billion, up 52.40 percent year over year. Carvana stock costs EUR 52.88 on October 19, 2026.

Analyst target and quarterly figures

Morgan Stanley lowered its Carvana target from USD 90.00 to USD 88.00 on October 18, 2026.
Second-quarter revenue reached USD 7.38 billion, up 52.40 percent year over year.
Carvana stock costs EUR 52.88 at Lang & Schwarz on October 19, 2026 at 3:16 p.m. CEST.
Carvana reports third-quarter results on October 28, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Morgan Stanley lowered its Carvana target from USD 90.00 to USD 88.00 in a preview note dated October 18, 2026, as TheStreet reported. Carvana stock was at EUR 52.88 at Lang & Schwarz on October 19, 2026 at 3:16 p.m. CEST.

Revenue growth sets a high bar

Carvana generated USD 7.38 billion in revenue in the second quarter of 2026, up 52.40 percent from the same quarter a year earlier. Net income reached USD 513.00 million, while diluted earnings per share came to USD 0.42. The figures give the analyst debate a clear operating backdrop.

MarketBeat reported that Carvana's second-quarter earnings per share exceeded a USD 0.39 consensus estimate by USD 0.03. The same report put the average target at USD 83.04 across 25 analysts, with 16 Buy ratings, eight Hold ratings and one Strong Buy rating on October 17, 2026.

Price position and trading frame

The home-market quote stood at USD 58.83 on October 16, 2026 at 3:59 p.m. ET, while the 52-week range ran from USD 54.46 to USD 97.38. The Lang & Schwarz euro quote therefore gives German investors a separate intraday reference, not a replacement for the NYSE quotation.

Carvana held USD 2.63 billion in cash at the end of the second quarter of 2026 and generated USD 238.00 million in operating cash flow during that quarter. Those figures matter because the stock's valuation still depends on strong vehicle growth and continued financing profitability.

Valuation and next reporting date

Carvana's market capitalization was USD 64.5 billion on October 16, 2026, with a price-to-earnings ratio of 27.26. The company is scheduled to release third-quarter 2026 financial results on October 28, 2026, after the market closes.

Comparison with peers

Carvana: P/E 27.26, market capitalization USD 64.5 billion.

CarMax (NYSE, USD): plus 1.35 percent, P/E 25.04, market capitalization USD 7.6 billion.

AutoNation (NYSE, USD): plus 1.21 percent, P/E 7.49, market capitalization USD 5.3 billion.

What the target change means

Morgan Stanley's USD 88.00 target remains above the latest home-market quote, but its reduction from USD 90.00 places more weight on financing margins ahead of the October 28 results. For investors, the next report will test whether revenue growth can continue to offset pressure on profit per vehicle.

Trading perspective

Carvana was trading at EUR 52.88 at Lang & Schwarz on October 19, 2026 at 3:16 p.m. CEST. The next scheduled corporate date is October 28, 2026, when third-quarter results are due after the market closes. The further course of trading is shown by the continuously updated real-time quote of Carvana stock.