Citi lowered the firm’s price target on ACV Auctions to $21 from $23 and keeps a Buy rating on the shares post the Q3 results. The analyst sees stabilizing wholesale end market as new car supply improves and says the company’s newer products like ClearCar ae experiencing positive early results and adoption. As such, it believes the trends in Q3 can continue.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ACVA:
