Barrington raised the firm’s price target on ACV Auctions to $16 from $14 and keeps an Outperform rating on the shares following the Q4 beat. The company delivered 18% revenue growth in 2022, gaining share within the dealer-to-dealer wholesale market that declined an estimated 20%, the analyst tells investors in a research note. The firm adds that ACV is beginning to see positive signs emerge in the automotive market, with industry headwinds beginning to moderate.
Published first on TheFly
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Read More on ACVA:
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