Stock Track | ACV Auctions Plunges Over 10% in Pre-Market on Price Target Cut, Cautious Outlook

Stock Track

2025/02/20

ACV Auctions Inc. (ACVA) stock plunged 10.36% in pre-market trading on Thursday, following a price target cut and cautious outlook from analysts.

Citizens JMP lowered its price target on ACVA to $22 from $25, while maintaining an Outperform rating on the shares. This price target reduction likely contributed to the pre-market sell-off.

Additionally, Jefferies cut its price target on ACVA to $25 from $27, reflecting concerns about the company's outlook. During ACVA's Q4 2024 earnings call, the company provided a cautious market outlook, assuming flat dealer wholesale volumes for 2025 due to ongoing economic uncertainties and consumer affordability issues.

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(ACVA) stock plunged 10.36% in pre-market trading on Thursday, following a price target cut and cautious outlook from analysts.</p>\n\n<p>Citizens JMP lowered its price target on ACVA to $22 from $25, while maintaining an Outperform rating on the shares. This price target reduction likely contributed to the pre-market sell-off.</p>\n\n<p>Additionally, Jefferies cut its price target on ACVA to $25 from $27, reflecting concerns about the company's outlook. 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(ACVA) stock plunged 10.36% in pre-market trading on Thursday, following a price target cut and cautious outlook from analysts.</p>\n\n<p>Citizens JMP lowered its price target on ACVA to $22 from $25, while maintaining an Outperform rating on the shares. This price target reduction likely contributed to the pre-market sell-off.</p>\n\n<p>Additionally, Jefferies cut its price target on ACVA to $25 from $27, reflecting concerns about the company's outlook. During ACVA's Q4 2024 earnings call, the company provided a cautious market outlook, assuming flat dealer wholesale volumes for 2025 due to ongoing economic uncertainties and consumer affordability issues.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ACVA","symbol_name":"ACV Auctions Inc.","start_time":0,"source_url":"","article_id":"1149219304","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149219304","pubTimestamp":1740054498,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"ACV Auctions Inc.  stock plunged 10.36% in pre-market trading on Thursday, following a price target cut and cautious outlook from analysts.Citizens JMP lowered its price target on ACVA to $22 from $25, while maintaining an Outperform rating on the shares. This price target reduction likely contributed to the pre-market sell-off.Additionally, Jefferies cut its price target on ACVA to $25 from $27, reflecting concerns about the company's outlook. During ACVA's Q4 2024 earnings call, the company pr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ACVA":"ACV Auctions Inc."},"translate_title":"股票赛道ACV Auctions盘前暴跌逾10%，目标价下调，前景谨慎","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACVA":1},"content_text":"ACV Auctions Inc. (ACVA) stock plunged 10.36% in pre-market trading on Thursday, following a price target cut and cautious outlook from analysts.\nCitizens JMP lowered its price target on ACVA to $22 from $25, while maintaining an Outperform rating on the shares. This price target reduction likely contributed to the pre-market sell-off.\nAdditionally, Jefferies cut its price target on ACVA to $25 from $27, reflecting concerns about the company's outlook. 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