Carvana extends Phoenix Rising partnership. Morgan Stanley target for Carvana stock is USD 88.00

Published on 10/26/2026 at 11:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carvana revenue hit USD 7.38 billion in the second quarter, up 52.40 percent year over year. Carvana stock costs EUR 51.64 on October 26, 2026.

Partnership and operating scale

Morgan Stanley cited an USD 88.00 target after trimming it from USD 90.00 in October 2026.
Second-quarter revenue reached USD 7.38 billion, up 52.40 percent year over year.
Carvana stock trades at EUR 51.64 at 11:43 a.m. CEST at Lang & Schwarz on October 26, 2026.

Carvana, US1468691027, Illustration mit AI erstellt.

Carvana (ISIN US1468691027) extended its partnership with Phoenix Rising FC into a tenth season on October 21, 2026, while Morgan Stanley maintained an Overweight rating and trimmed its target to USD 88.00 from USD 90.00, as reported by TheStreet on October 19, 2026. The combination leaves investors weighing Carvana's growth scale against pressure on financing-related profit.

Partnership reaches ten seasons

Carvana said the Phoenix Rising agreement enters its tenth season. The partnership keeps the online used-car retailer connected to a sports platform in its Arizona home market, adding a concrete customer and brand channel alongside vehicle sales.

What will margins show next?

The next test is the third-quarter report scheduled for October 28, 2026, after the market closes. In the second quarter of 2026, revenue reached USD 7.38 billion, up 52.40 percent from the same period a year earlier, while net income was USD 513.0 million. Operating profit was USD 680.0 million, according to the quarter's financial data. The figures show why volume growth is central, but they also raise the importance of gross profit per vehicle and financing economics.

Three milestones carry figures

On June 24, 2026, Carvana reported first-quarter revenue of USD 6.43 billion and net income of USD 405.0 million. On July 29, 2026, its second-quarter report showed revenue of USD 7.38 billion and net income of USD 513.0 million. On October 21, 2026, the company extended the Phoenix Rising partnership into its tenth season.

Next reporting date

Carvana's next scheduled event is the third-quarter 2026 financial results conference call on October 28, 2026, at 5:30 p.m. ET, according to the company's investor-relations page.

Stock price stays the market anchor

Carvana's market capitalization was USD 63.4 billion as of October 23, 2026. The market will compare that valuation with the USD 88.00 Morgan Stanley target and the company's ability to protect margins while retail volumes expand.

Carvana stock was trading at EUR 51.64 at Lang & Schwarz on October 26, 2026 at 11:43 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Carvana stock.