ACV Auctions price target lowered to $13 from $21 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on ACV Auctions (ACVA) to $13 from $21 and keeps a Buy rating on the shares. ACV Auctions’ Q3 results landed near the midpoint of guidance despite intensifying market headwinds, leading management to lower FY25 expectations amid a softer dealer wholesale environment, the analyst tells investors in a research note. Meanwhile, the company reported strong progress in AI-driven initiatives, new product traction, and expansion projects that remain on schedule for 2026 launches, Goldman says.