B. Riley analyst Naved Khan raised the firm’s price target on ACV Auctions (ACVA) to $27 from $24 and keeps a Buy rating on the shares post the Q3 report. ACV continues to “handily win share in a wholesale market that is slowly normalizing and seeing a return to positive growth,” the analyst tells investors in a research note. The firm says incremental positives post Q3 include a continued gradual recovery in the wholesale market in 2025 and ACV’s growing adoption by franchised dealers as well as wallet share gains.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACVA: