ACV (ACVA) Misses Q1 EPS by 3c, Offers Guidance

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ACV Auctions Inc (ACVA) PT Lowered to $22 at Jefferies

May 12, 2022 8:56 AM EDT

Jefferies analyst John Colantuoni lowered the price target on ACV Auctions Inc (NASDAQ: ACVA) to $22.00 (from $28.00) while maintaining a Buy rating.

The analyst commented, "In-line Q1 and reiterated FY guidance was likely better than feared given macro headwinds. Unit growth outperformed the... More