Citi lowered the firm’s price target on ACV Auctions (ACVA) to $17 from $21 and keeps a Buy rating on the shares. The firm says the weaker dealer wholesale environment weighed on the company’s Q2 results. It cites reduced visibility for the target cut.
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Read More on ACVA:
- ACV Auctions: Strong Growth Potential and Market Share Gains Justify Buy Rating Despite Revenue Adjustments
- ACV Auctions price target lowered to $18 from $20 at Citizens JMP
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