BTIG reaffirms Buy for Carvana stock at USD 87.00 target

Published on 10/09/2026 at 15:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BTIG kept Buy at USD 87.00 on October 9, 2026. Carvana stock costs EUR 56.45 on October 9, 2026 after EUR 56.39, plus 0.11 percent.

Key points in brief

BTIG reaffirmed a Buy rating and set an USD 87.00 price target for Carvana on October 9, 2026.
Carvana generated USD 7.38 billion in second-quarter 2026 revenue, up 52.40 percent year over year.
Carvana stock was at EUR 56.45 at Lang & Schwarz on October 9, 2026, plus 0.11 percent versus the prior close.
The company is scheduled to publish third-quarter 2026 results on October 28, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) was trading at EUR 56.45 at Lang & Schwarz on October 9, 2026 at 3:45 p.m. CEST, while BTIG reaffirmed a Buy rating and an USD 87.00 price target on the same date. The analyst view gives the stock a clear reference point ahead of Carvana's third-quarter report.

BTIG raises operating expectations

As Investing.com reported on October 9, 2026, BTIG kept its Buy rating and USD 87.00 target while raising its third-quarter retail unit estimate to 207,500 from 203,000. The estimate compares with consensus at 206,900 units.

BTIG also maintained a retail gross profit per unit estimate of USD 3,490, below the Street expectation of USD 3,525, according to Investing.com. That gap makes unit growth and per-vehicle profitability the key figures to watch when results arrive.

What does the target imply for earnings

Carvana's latest reported quarter ended June 30, 2026. According to MarketBeat, revenue reached USD 7.38 billion, up 52.40 percent from the same quarter a year earlier, while earnings per share came to USD 0.42 versus consensus of USD 0.39. The revenue comparison and the earnings-per-share beat provide the operating backdrop for BTIG's higher unit estimate.

Markets Insider reported that second-quarter revenue was USD 7.38 billion and net profit was USD 310.00 million, compared with USD 4.84 billion of revenue and USD 183.00 million of net profit a year earlier. The figures show why analysts are emphasizing volume while also scrutinizing margins.

Three dated Carvana milestones

On July 29, 2026, Carvana reported second-quarter revenue of USD 7.38 billion and earnings per share of USD 0.42, according to MarketBeat. On October 6, 2026, Carvana planned an Orlando inspection and reconditioning expansion expected to create about 100 jobs, as Market Chameleon reported. On October 9, 2026, BTIG reaffirmed Buy with an USD 87.00 target, according to Investing.com.

Results dates are already set

Business Wire reported on September 30, 2026 that Carvana will publish third-quarter 2026 results on October 28, 2026 after the market closes, followed by a conference call at 5:30 p.m. ET. The same release says the replay will remain available through November 4, 2026.

EUR 56.45 in afternoon trading

Carvana was trading at EUR 56.45 at Lang & Schwarz on October 9, 2026 at 3:45 p.m. CEST, up 0.11 percent versus the Lang & Schwarz prior close of EUR 56.39 on October 8, 2026. The 52-week range on the NYSE is USD 54.46 to USD 97.38 as of October 9, 2026, so the euro quote and the home-market range remain separate currency references.

The further course of trading is shown by the continuously updated real-time quote of Carvana stock.