Morgan Stanley cuts target as Carvana stock trades at EUR 53.90

Published on 10/16/2026 at 09:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley cut its Carvana target to USD 88.00 on October 15, 2026. Carvana stock costs EUR 53.90 on October 16, 2026.

Targets and earnings ahead

Morgan Stanley cut its Carvana target from USD 90.00 to USD 88.00 on October 15, 2026.
Carvana reported USD 7.38 billion in second-quarter 2026 revenue, up 52.40 percent year over year.
Carvana stock traded at EUR 53.90 at 9:34 a.m. CEST at Lang & Schwarz on October 16, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) traded at EUR 53.90 at Lang & Schwarz at 9:34 a.m. CEST on October 16, 2026. Morgan Stanley cut 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.

Analyst target meets earnings risk

Morgan Stanley described the third-quarter report as a potential clearing event for the stock. The October 15, 2026 target reduction leaves the analyst view positive but trims the valuation cushion ahead of results.

Carvana's latest reported quarter was the second quarter of 2026. Revenue reached USD 7.38 billion, up 52.40 percent from the same quarter of 2025, while diluted earnings per share came to USD 0.42, according to GreekSoup.

What happens before October 28?

The next quantified checkpoint is Carvana's third-quarter 2026 report. MarketBeat lists October 28, 2026, after the market close, with a conference call at 5:30 p.m. ET. Its consensus points to USD 7.67 billion in revenue and USD 0.44 in earnings per share for the quarter.

Three dated operating signals

On October 6, 2026, Carvana announced plans to add inspection and reconditioning capacity at ADESA Orlando, creating one new local inventory pool. On October 14, 2026, the company expanded same-day delivery and vehicle pickup to select customers in greater Jacksonville, adding another market to a service available in more than 20 states, according to Business Wire. On October 15, 2026, Morgan Stanley lowered its target from USD 90.00 to USD 88.00.

Stock stays below its yearly high

The NYSE-listed company had a market capitalization of USD 66.5 billion and a 52-week range of USD 54.46 to USD 97.38 in the latest quote data used for this report. The lower end of that range sits just above the euro reference price, underscoring how sharply the exchange-rate and venue perspectives can differ.

The stock was trading at EUR 53.90 at Lang & Schwarz on October 16, 2026 at 9:34 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Carvana stock.