Canaccord raised the firm’s price target on ACV Auctions to $24 from $22 and keeps a Buy rating on the shares. The firm said the outlook for Q1 and 2024 was solidly ahead of consensus, and Canaccord continues to see ample room for the stock to garner more attention from investors as the wholesale used auto market improves and the company continues to take impressive amounts of market share each quarter.
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Read More on ACVA:
- ACV Announces Fourth Quarter and Full-Year 2023 Results
- ACV Auctions Announces the Settlement of Litigation Regarding AutoIMS
- ACV to Report Fourth Quarter and Full Year 2023 Financial Results on February 21, 2024
- ACV Auctions price target raised to $20 from $19 at Goldman Sachs
- ACV Auctions price target lowered to $19 from $20 at JMP Securities
