ACV Auctions named 2024 Top Pick at Needham

In a research note published on December 13th and summarized today, Needham named ACV Auctions as the firm’s 2024 Top Pick for the second year in a row. The firm is positive on the company’s share gains in the used vehicle wholesale market and improving financials, the analyst tells investors in a research note, adding that investors are likely underestimating the potential for an improving end-market, increasing ACV’s wholesale unit total addressable market.