Morgan Stanley cuts target for Carvana stock to USD 88
Published on 10/23/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst caution and operating growth
- Morgan Stanley lowered its Carvana target from USD 90 to USD 88 on October 15, 2026.
- Second-quarter revenue reached USD 7.38 billion, up 52.40 percent year over year.
- Carvana stock traded at EUR 52.56 at 10:36 a.m. CEST at Lang & Schwarz on October 23, 2026.
- Third-quarter results are scheduled for October 28, 2026.
Carvana (US1468691027) was trading at EUR 52.56 at Lang & Schwarz on October 23, 2026 at 10:36 a.m. CEST. Morgan Stanley lowered its price target from USD 90 to USD 88 on October 15, 2026, according to Benzinga.
Morgan Stanley lowers target
The target cut keeps the focus on financing profitability ahead of Carvana's third-quarter report. The same analyst table shows Morgan Stanley retaining an Overweight rating, while the target moved from USD 90 to USD 88.
Carvana's operating growth remains substantial. In the second quarter of 2026, the company sold 197,325 vehicles and generated USD 7.38 billion in revenue, compared with USD 6.91 billion expected, while net income reached USD 513 million, as Yahoo Finance reported on October 19, 2026.
What drives the next report?
The comparison is clear: second-quarter revenue rose 52.40 percent from a year earlier, yet Morgan Stanley's target is USD 2.00 lower than its previous level. The contrast points to a market debate about the quality of growth rather than vehicle volume alone.
Three dated Carvana events
On October 13, 2026, an insider transaction involved 5,597 shares, according to MarketBeat. On October 15, 2026, Morgan Stanley cut its target from USD 90 to USD 88. On October 21, 2026, Carvana announced that its partnership with Phoenix Rising FC would enter its 10th season, according to the Carvana investor-relations page.
Results date is October 28
Carvana's next substantiated event is the third-quarter 2026 financial results conference call on October 28, 2026 at 5:30 p.m. EST, listed on the company's investor-relations calendar. MarketBeat reported consensus expectations of USD 7.67 billion in revenue and USD 0.4424 in earnings per share for that quarter.
Valuation remains wide
Carvana's primary listing is on the NYSE under ticker CVNA. The finance snapshot showed a USD 64.4 billion market capitalization, a 52-week range of USD 54.46 to USD 97.38 and a primary-market price of USD 58.70 at 7:59 p.m. ET on October 22, 2026. Those figures place the US quote in the lower part of its yearly range, while the German euro indication was EUR 52.56 on October 23, 2026.
The next catalyst is the October 28 report, where unit growth, revenue and financing profit will be read together. Carvana was trading at EUR 52.56 at Lang & Schwarz on October 23, 2026 at 10:36 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Carvana stock.
Carvana stock facts
- Company: Carvana Co.
- ISIN: US1468691027
- Ticker: CVNA
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 10:36 a.m. CEST): EUR 52.56
- Market capitalization: USD 64.4 billion (as of October 22, 2026)
- 52-week range: USD 54.46-97.38 (as of October 22, 2026)
- Sector / Industry: Consumer Discretionary / Automotive Retail
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
