ACV Auctions price target raised to $22 from $20 at Jefferies

Jefferies raised the firm’s price target on ACV Auctions to $22 from $20 and keeps a Buy rating on the shares. In a preview note for the U.S. Internet group, the firm says it will be looking for further details on commercial post-AutoIMS licensing, trajectory on Marketplace Units, and commentary on wholesale industry trends when ACV reports.