The Target Red Editions are Target exclusive basic models. They share the same deco as the mainline cars, but have exclusive colors. This Series began in 2017, with 12 releases per year in groups of three in each case. – Hot Wheels Wiki
Target Red Editions are released 4 times a year, in alternating cases starting at D. The colors used are a combination of red and white, with some black as well. They are released along the main Hot Wheels line, but you can identify them by the “Red Edition” in the series line, along with text on the back of the card indicating this is a Target Red Edition.
Some examples from over the years:
Photos from Keck Collects and Hot Wheels Wiki.
On Page 2, The 2017-2024 Target Red Editions Checklist: