Morgan Stanley cuts target for Carvana stock from USD 90 to USD 88

Published on 10/19/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 52.40 percent to USD 7.38 billion. Carvana stock costs EUR 53.17 on October 19, 2026 before October 28 results.

Analyst revision and upcoming results

Morgan Stanley cut 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 trades at EUR 53.17 at 9:43 a.m. CEST at Lang & Schwarz on October 19, 2026.
Carvana will report third-quarter results on October 28, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) trades at EUR 53.17 at Lang & Schwarz on October 19, 2026 at 9:43 a.m. CEST. According to Markets Insider on October 15, 2026, Morgan Stanley cut its Carvana price target from USD 90 to USD 88 while keeping an Overweight rating.

Why Morgan Stanley cut its target

The bank described the third-quarter report as a potential clearing event because downside to forward Other GPU estimates was increasingly understood. The target change puts financing economics at the center of the next earnings discussion.

Carvana's second-quarter revenue reached USD 7.38 billion, up 52.40 percent from the year-earlier period, while the company sold 197,325 vehicles, up 38.00 percent. Those figures came from Yahoo Finance reporting on October 19, 2026, which also cited net income of USD 513.00 million for the second quarter.

Three dates define the setup

On July 29, 2026, Carvana reported second-quarter revenue of USD 7.38 billion and earnings per share of USD 0.42, versus a USD 0.39 consensus estimate, according to MarketBeat. On October 14, 2026, Carvana expanded same-day vehicle delivery to customers in the greater Jacksonville area, according to the company's investor-relations page. On October 15, 2026, Morgan Stanley lowered its target from USD 90 to USD 88.

What date comes next?

The next scheduled company event is Carvana's third-quarter 2026 results on October 28, 2026. Business Wire reported that the results will cover the period ended September 30, 2026 and that management will host a conference call at 5:30 p.m. ET.

Stock price and investor context

The current euro quotation gives German investors a direct market reference ahead of the report. Carvana's operating scale is expanding quickly, but Morgan Stanley's target cut shows that per-vehicle financing economics remain a central valuation issue.

Carvana stock was trading at EUR 53.17 at Lang & Schwarz on October 19, 2026 at 9:43 a.m. CEST.

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