Carvana stock: On Tradegate, Carvana stock falls 3.32 percent

Published on 10/23/2026 at 16:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo set a USD 75.00 target on October 23, 2026. Carvana stock costs EUR 50.70 on October 23, 2026, down 3.32 percent versus Tradegate close.

Price and analyst target

Carvana stock fell against the EUR 52.44 Tradegate close of October 22, 2026.
Wells Fargo set a USD 75.00 target while keeping its Overweight rating on October 23, 2026.
Carvana's third-quarter 2026 results are scheduled for October 28, 2026.
Carvana stock costs EUR 50.70 at Lang & Schwarz on October 23, 2026 at 4:38 p.m. CEST, down 3.32 percent versus the Tradegate close.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) stock fell 3.32 percent against the Tradegate close of EUR 52.44 from October 22, 2026. Benzinga reported on October 23, 2026 that Wells Fargo maintained its Overweight rating and set a USD 75.00 price target. Carvana was trading at EUR 50.70 at Lang & Schwarz on October 23, 2026 at 4:38 p.m. CEST, down 3.32 percent versus the Tradegate close.

Growth meets financing pressure

Carvana's second-quarter 2026 revenue reached USD 7.38 billion, up 52.40 percent from the same quarter a year earlier. The company also reported USD 513.00 million in net income and sold 197,325 vehicles, 37.70 percent more than in the second quarter of 2025, according to Yahoo Finance on October 16, 2026.

The earnings comparison is strong on revenue and volume, but the next test is profitability per vehicle. Yahoo Finance reported on October 18, 2026 that Morgan Stanley cut its target from USD 90.00 to USD 88.00 and modeled adjusted earnings before interest, taxes, depreciation and amortization of USD 797.00 million for the third quarter, down from USD 816.00 million.

Price position on October 23

Carvana's primary listing is on the NYSE, where the stock was trading at USD 57.58 at 10:49 a.m. ET on October 23, 2026. Its 52-week range was USD 54.46 to USD 97.38, placing the US quote USD 39.80 below the high, or 40.87 percent. The year-to-date change was minus 1.94 percent at that time.

The euro quote is lower than the US listing because the German venue and US exchange were measured at different times. The Lang & Schwarz price nevertheless supplies the investor-facing euro view, while the Tradegate close provides the German comparison base used here.

Valuation and October 28

Carvana's market capitalization was USD 63.2 billion and its price-to-earnings ratio was 26.71 on October 23, 2026. The comparable US auto retailers CarMax and AutoNation had market capitalizations of USD 7.3 billion and USD 5.2 billion, with price-to-earnings ratios of 23.99 and 7.29, respectively.

Carvana's investor-relations calendar lists October 28, 2026 for the third-quarter 2026 financial-results conference call, providing the next scheduled company date. The second-quarter revenue comparison gives investors a clear benchmark for that release: USD 7.38 billion versus USD 6.91 billion expected, a 6.79 percent difference, according to Yahoo Finance on October 16, 2026.

Comparison with peers

Carvana: down 3.32 percent versus the Tradegate close, price-to-earnings ratio 26.71, market capitalization USD 63.2 billion.

CarMax (NYSE, USD): down 3.53 percent, price-to-earnings ratio 23.99, market capitalization USD 7.3 billion.

AutoNation (NYSE, USD): down 2.59 percent, price-to-earnings ratio 7.29, market capitalization USD 5.2 billion.

Tradegate gap sets the tone

Carvana's growth profile remains visible in its second-quarter revenue and vehicle volume, while the October 28 results date puts financing profit and adjusted earnings before interest, taxes, depreciation and amortization back at the center of the valuation discussion. The stock was trading at EUR 50.70 at Lang & Schwarz on October 23, 2026 at 4:38 p.m. CEST, down 3.32 percent versus the Tradegate close of October 22, 2026 at EUR 52.44. The further course of trading is shown by the continuously updated real-time quote of Carvana stock.