Carvana stock: RBC maintains Buy rating for Carvana stock at USD 85.00

Published on 10/21/2026 at 16:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due October 28. Carvana stock costs EUR 54.06 on October 21, 2026, up 2.23 percent versus the Tradegate close.

RBC rating and reporting date

RBC Capital analyst Brad Erickson maintained a Buy rating and set an USD 85.00 target on October 20, 2026.
Carvana reported USD 7.38 billion in second-quarter 2026 revenue, up 52.00 percent from the prior year.
Carvana stock costs EUR 54.06 at Lang & Schwarz on October 21, 2026 at 4:03 p.m. CEST, 2.23 percent above the Tradegate close of October 20, 2026.
Carvana is scheduled to report third-quarter 2026 results on October 28, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) received a fresh valuation marker when RBC Capital analyst Brad Erickson maintained a Buy rating and set an USD 85.00 price target on October 20, 2026, according to Markets Insider. The target lies 40.99 percent above the USD 60.29 primary-market price at 10:09 a.m. ET on October 21, 2026. Carvana was trading at EUR 54.06 at Lang & Schwarz on October 21, 2026 at 4:03 p.m. CEST, up 2.23 percent versus the Tradegate close of October 20, 2026 at EUR 52.88.

Revenue growth meets a tougher margin test

Carvana's second-quarter 2026 results supplied the operating backdrop for the valuation debate. The company sold 197,325 vehicles, up 38.00 percent from the second quarter of 2025, while revenue reached a record USD 7.38 billion versus USD 6.91 billion expected, according to TheStreet. Net income was USD 513.00 million in that quarter, compared with USD 183.00 million a year earlier.

Stock position in the primary market

The primary-market quote placed Carvana at USD 60.29 on October 21, 2026 at 10:09 a.m. ET. Its 52-week range was USD 54.46 to USD 97.38, putting the price 10.71 percent above the low and 38.08 percent below the high. The stock was down 30.30 percent year to date, according to TheStreet.

Valuation and October 28 results

Carvana's price-to-earnings ratio was 27.98, while its market capitalization was USD 66.1 billion on October 21, 2026. The next scheduled corporate date is October 28, 2026, when Carvana will publish third-quarter 2026 results after the market closes, as reported by Business Wire.

Comparison with peers

Carvana: up 2.23 percent, price-to-earnings ratio 27.98, market capitalization USD 66.1 billion.

CarMax: down 1.54 percent, price-to-earnings ratio 24.83, market capitalization USD 7.5 billion.

Lithia Motors: up 1.10 percent, price-to-earnings ratio 6.95, market capitalization USD 6.7 billion.

What the target means for valuation

RBC's USD 85.00 target sits materially above Carvana's USD 60.29 primary-market quote, while the current price remains below its 52-week high. The October 28 results will provide the next dated test for vehicle growth, revenue and profitability.

Carvana was trading at EUR 54.06 at Lang & Schwarz on October 21, 2026 at 4:03 p.m. CEST, 2.23 percent above the Tradegate close of October 20, 2026 at EUR 52.88. The further course of trading is shown by the continuously updated real-time quote of Carvana stock.