Barclays Cuts Price Target on ACV Auctions Amid Cautious Outlook
Barclays has lowered its price target on ACV Auctions (NYSE: ACVA) from $8 to $7 while maintaining a Hold rating, reflecting tempered expectations following the company’s recent Q4 earnings report. The adjustment highlights concerns over profitability challenges, guidance alignment, and ongoing market pressures in the wholesale used vehicle sector, despite solid revenue performance and strategic … Read more