Morgan Stanley cuts Carvana target from USD 90 to USD 88 for Carvana stock

Published on 10/21/2026 at 10:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley cut its target from USD 90 to USD 88. Carvana stock costs EUR 54.26 on October 21, 2026, with a USD 66.1 billion market value.

Analyst reset meets operating growth

Morgan Stanley cut its Carvana target from USD 90 to USD 88 on October 18, 2026.
Second-quarter 2026 revenue reached USD 7.38 billion on 197,325 vehicles sold.
Carvana stock trades at EUR 54.26 at 10:32 a.m. CEST at Lang & Schwarz on October 21, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana Co. (ISIN US1468691027) is facing a lower analyst valuation after Morgan Stanley cut its price target from USD 90 to USD 88 while retaining an Overweight rating, as Yahoo Finance reported on October 18, 2026. Carvana stock was at EUR 54.26 at Lang & Schwarz on October 21, 2026 at 10:32 a.m. CEST.

Three dates shape the setup

On October 6, 2026, Barclays cut its target from USD 93 to USD 80, according to Markets Insider. On October 14, 2026, Carvana announced expanded same-day delivery to Jacksonville through its investor-relations release. On October 18, 2026, Morgan Stanley reduced its target to USD 88 from USD 90, the latest of the three events.

What does the margin debate mean?

Carvana's second-quarter 2026 revenue rose 52.40 percent year over year to USD 7.38 billion, while retail unit sales increased 37.70 percent to 197,325, according to Yahoo Finance. The same report said revenue exceeded expectations by 7.70 percent, but full-year adjusted EBITDA guidance fell short of analyst expectations.

The tension is concentrated in profit per vehicle. Yahoo Finance reported that Morgan Stanley reduced its adjusted EBITDA estimate by 2.00 percent to USD 797 million from USD 816 million and modeled third-quarter other gross profit per unit at USD 2,565, down USD 100 from the prior quarter.

When is the next report?

Carvana's investor-relations calendar lists October 28, 2026, for the third-quarter 2026 financial-results conference call at 5:30 p.m. ET. That date gives the market a defined test for vehicle growth, financing economics and adjusted EBITDA per car.

Growth meets valuation pressure

Carvana's market capitalization was USD 66.1 billion as of October 20, 2026, while its primary listing is on the NYSE under CVNA. The 52-week range was USD 54.46 to USD 97.38 on the same market-data snapshot, leaving the latest US quote at USD 60.30 before the October 21 session.

Carvana stock was trading at EUR 54.26 at Lang & Schwarz on October 21, 2026 at 10:32 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Carvana stock.