Moduli of curves on toric varieties and their stable cohomology

We prove that the cohomology of the moduli space of morphisms of a fixed finite degree from a smooth projective curve $C$ of genus $g$ to a complete simplicial toric variety $\mathbb{P}(\mathrm{\Sigma })$, denoted by the rational polyhedral fan $\mathrm{\Sigma }$, stabilizes. As an arithmetic consequence we obtain a resolution of the Batyrev-Manin conjecture for toric varieties over global function fields in all but finitely many characteristics.