Canaccord Genuity Maintains Buy Rating for ACV Auctions: Here's What You Need To Know


Canaccord Genuity has decided to maintain its Buy rating of ACV Auctions ACVA and raise its price target from $16.00 to $18.00.

Shares of ACV Auctions are trading up 21.6% over the last 24 hours, at $16.61 per share.

A move to $18.00 would account for a 8.37% increase from the current share price.

About ACV Auctions

ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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