Carvana extends 10th-season partnership: Morgan Stanley sets USD 88 target for Carvana stock

Published on 10/27/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carvana stock costs EUR 50.93 on October 27, 2026. Q2 revenue rose 52.40 percent to USD 7.38 billion, and market value was USD 62.1 billion.

Results date shapes the next test

Carvana extended its Phoenix Rising FC partnership for a 10th season on October 21, 2026.
Morgan Stanley trimmed its Carvana target from USD 90.00 to USD 88.00 on October 15, 2026.
Carvana stock trades at EUR 50.93 at 10:30 a.m. CEST at Lang & Schwarz on October 27, 2026.
Third-quarter results are scheduled for October 28, 2026, after the market closes.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) was trading at EUR 50.93 at Lang & Schwarz on October 27, 2026 at 10:30 a.m. CEST. The online used-car retailer had extended its partnership with Phoenix Rising FC for a 10th season on October 21, 2026, according to Carvana.

Yahoo Finance reported on October 18, 2026 that Morgan Stanley trimmed its Carvana price target from USD 90.00 to USD 88.00 while retaining an Overweight rating. The change shifts attention from unit growth toward financing profit per vehicle.

Growth remains visible in the numbers

Carvana generated USD 7.38 billion in revenue in the second quarter of 2026, up 52.40 percent from the year-earlier period, while net income reached USD 513.00 million. The company sold 197,325 retail units, an increase of 37.70 percent from the second quarter of 2025, according to Yahoo Finance.

The comparison is favorable for scale but less clear for profitability. Adjusted EBITDA margin fell to 10.40 percent from 12.40 percent in the second quarter of 2025, while full-year 2026 adjusted EBITDA guidance stood at USD 2.70 billion to USD 3.00 billion, as reported by Yahoo Finance.

What does the target change mean?

The USD 2.00 reduction in Morgan Stanley's target is modest beside the operating expansion, but it highlights the pressure on gross profit per unit. Carvana's second-quarter adjusted EBITDA guidance was above the USD 2.24 billion achieved in 2025, while the next report will show whether higher financing costs are limiting the benefit of stronger sales.

Three dates frame the stock

On July 29, 2026, Carvana reported USD 7.38 billion in second-quarter revenue and USD 0.42 in earnings per share. On September 29, 2026, Jefferies reiterated a USD 88.00 target, according to Yahoo Finance. On October 21, 2026, Carvana extended the Phoenix Rising FC partnership for a 10th season, according to Carvana.

Upcoming dates for Carvana

Carvana is scheduled to report third-quarter 2026 results after the market closes on October 28, 2026, with a conference call at 5:30 p.m. ET, according to Business Wire. The conference-call replay is scheduled to remain available through November 4, 2026.

Price stays tied to the results test

Carvana's primary listing is the NYSE, where the stock was last quoted at USD 56.59 on October 26, 2026 at 4:00 p.m. ET. Its 52-week range was USD 54.46 to USD 97.38, placing the latest US quote near the lower end of that span.

Carvana was trading at EUR 50.93 at Lang & Schwarz on October 27, 2026 at 10:30 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Carvana stock.