RBC Capital Cuts PT on Carvana Co. (CVNA)

Carvana Co. (NYSE:CVNA) is one of the best non-tech stocks to buy according to analysts. RBC Capital cut the price target on Carvana Co. (NYSE:CVNA) to $85 from $92 on June 12 and reaffirmed an Outperform rating on the shares, telling investors in a research note that the firm is updating its retail unit cohort model to gauge market share gain expectations embedded into Street estimates. RBC Capital added that its primary take is that the Street's implied FY26 and FY27 market share gains appear a bit more aggressive than prior years.

In a separate development, Carvana Co. (NYSE:CVNA) reported on June 10 that ADESA, a leader in wholesale auto auctions and a subsidiary of Carvana (NYSE: CVNA), announced the launch of ADESA Timed, which is the latest enhancement to ADESA's growing digital wholesale platform. Building on the success of ADESA Clear, ADESA Timed extends ADESA's timed digital auction offering to wholesale sellers. Nikki Behrens, ADESA's Vice President, Marketplaces, stated that ADESA Timed offers customers "a new way to reach ADESA's highly-engaged, digital buyer base while benefiting from the same transparency, efficiency, and technology that define our marketplace."

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Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/rbc-capital-cuts-pt-carvana-164538046.html)