Stephens cuts target for Carvana stock to USD 83.00

Published on 10/13/2026 at 11:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 7.38 billion versus USD 6.86 billion consensus. Carvana stock costs EUR 53.52 on October 13, 2026 at Lang & Schwarz.

Stephens cut its Carvana price target from USD 91.50 to USD 83.00 on October 6, 2026, while keeping an Overweight rating.
Carvana reported USD 7.38 billion of second-quarter 2026 revenue against USD 6.86 billion consensus.
The Lang & Schwarz price was EUR 53.52 on October 13, 2026 at 11:31 a.m. CEST.
Carvana is scheduled to report third-quarter 2026 results on October 28, 2026, after the market close.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) was trading at EUR 53.52 at Lang & Schwarz on October 13, 2026 at 11:31 a.m. CEST. Stephens cut its Carvana price target from USD 91.50 to USD 83.00 on October 6, 2026, while keeping an Overweight rating, according to Markets Insider.

Three dated operating signals

On July 29, 2026, Carvana's second-quarter update showed revenue of USD 7.38 billion, compared with USD 6.86 billion consensus, while retail units sold reached 197,325, according to Investing.com. On September 30, 2026, the company announced its third-quarter reporting date of October 28, 2026, with the conference call scheduled for 5:30 p.m. ET, per StockTitan. On October 6, 2026, Carvana announced plans to add inspection and reconditioning capabilities at ADESA Orlando, including over 3,000 parking spaces and a new local inventory pool, according to Business Wire.

What matters before October 28?

The October 28, 2026 report is the next hard date for the stock. Zacks lists a consensus estimate of USD 0.49 in earnings per share for the quarter ending September 2026, while its estimate implies a 7.79 percent downside surprise, according to Zacks.

The analyst debate now has two measurable sides. Second-quarter revenue exceeded the cited consensus by USD 0.52 billion, but Stephens reduced its target by USD 8.50 as higher interest rates pressured its gain-on-sale assumptions for upcoming quarters.

Scale meets financing sensitivity

Carvana's second-quarter revenue was USD 7.38 billion and operating profit was USD 680.00 million, according to the latest standardized quarterly figures. Cash and cash equivalents stood at USD 2.63 billion on June 30, 2026, giving the company a substantial liquidity measure ahead of the next results release.

The Orlando project adds operating capacity rather than a new business line. Its inspection, reconditioning and fulfillment functions are designed to expand vehicle selection and support same-day delivery in Central Florida, while the site's wholesale auction operations continue.

Stock price and exchange context

Carvana's latest finance quote for the NYSE showed USD 59.52 at 4:00 p.m. ET on October 12, 2026. The same quote showed a 52-week range of USD 54.46 to USD 97.38 and market capitalization of USD 65.3 billion as of that date.

At Lang & Schwarz, Carvana was trading at EUR 53.52 on October 13, 2026 at 11:31 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Carvana stock.