RBC Capital Cuts Carvana Price Target to $85, Reaffirms Outperform

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RBC Capital lowered its price target on Carvana Co. to $85 from $92 while reaffirming an Outperform rating. The firm updated its retail unit cohort model and noted that implied market share gains for fiscal years 2026 and 2027 appear more aggressive than in prior years. Separately, Carvana subsidiary ADESA launched ADESA Timed, a new timed digital auction offering for wholesale sellers.

Impact on stocks 1

Consumer Discretionary▲ · 1 stocks
Carvana Co
CVNA
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RBC Capital reaffirmed Outperform rating and updated price target to $85, indicating analyst confidence.

Off-coverage companies 1

ADESA (Carvana wholesale auction network)Private± Mixed
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