Barclays raised the firm’s price target on ACV Auctions (ACVA) to $8 from $7 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the auto retail group as part of its Q4 outlook. It broadly lowered estimates across the sector on “soft” auto sales unit pressures. However, trade checks suggest the used vehicle market has good momentum, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACVA:
- ACV Auctions’ reset expectations leaves room for outperformance, says B. Riley
- ‘Small-Caps Set for Upside’: Goldman Sachs Suggests 2 Small-Cap Stocks for 2026
- ACV Auctions Expands and Extends Revolving Credit Facility
- ACV Auctions downgraded to Hold from Buy at Jefferies
- ACV Auctions price target raised to $7 from $6 at Barclays