Carvana stock: Morgan Stanley trims target to USD 88 for Carvana stock

Published on 10/20/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carvana sold 197,325 vehicles in the second quarter of 2026, up 37.70 percent. Carvana stock costs EUR 52.76 on October 20, 2026, up 1.64 percent versus Tradegate.

Analyst target and earnings date

Morgan Stanley trimmed 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 52.76 at Lang & Schwarz on October 20, 2026 at 4:10 p.m. CEST, up 1.64 percent versus the Tradegate close of October 19, 2026, and 45.79 percent below the 52-week high.
Carvana is scheduled to report third-quarter 2026 results on October 28, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

On October 18, 2026, TheStreet reported that Morgan Stanley had trimmed its Overweight price target for Carvana from USD 90.00 to USD 88.00. The new target stood 47.97 percent above the USD 59.47 NYSE price at the time of the October 20, 2026 quote. At Lang & Schwarz on October 20, 2026 at 4:10 p.m. CEST, Carvana stock was trading at EUR 52.76, up 1.64 percent versus the Tradegate close of October 19, 2026 (EUR 51.91).

Revenue growth meets margin pressure

Carvana reported second-quarter 2026 revenue of USD 7.38 billion, up 52.40 percent from the prior-year quarter, while retail unit sales reached 197,325, an increase of 37.70 percent. Yahoo Finance said the revenue figure exceeded analyst expectations by 7.70 percent, giving the growth story a measurable earnings-season advantage.

The counterweight is profitability per vehicle. Zacks reported that adjusted EBITDA rose to USD 769 million from USD 601 million in the second quarter, while the adjusted EBITDA margin fell to 10.40 percent from 12.40 percent.

Stock sits below its yearly high

The NYSE quote was USD 59.47 on October 20, 2026 at 10:24 a.m. ET. Carvana's USD 54.46 to USD 97.38 52-week range puts the stock 9.19 percent above its low and 38.92 percent below its high. A report by 247WallSt dated October 19, 2026 placed the year-to-date decline at 31.00 percent.

Valuation and the next date

Carvana carried a trailing P/E of 27.48 and a market capitalization of USD 65.2 billion as of October 20, 2026. Carvana scheduled its third-quarter 2026 financial results conference call for October 28, 2026, after the market close.

Comparison with peers

Carvana: up 1.64 percent versus the Tradegate close, P/E 27.48, market capitalization USD 65.2 billion.

CarMax: up 1.77 percent on October 20, 2026, P/E 24.47, market capitalization USD 7.5 billion.

Lithia Motors: up 0.61 percent on October 20, 2026, P/E 9.78, market capitalization USD 6.5 billion.

Target and trading level

Morgan Stanley's USD 88.00 target and Carvana's October 28 reporting date set the next measurable checkpoints, while the current EUR 52.76 quote remains below its recent yearly high.

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