CJS Securities Downgrades ACV Auctions to Market Perform
CJS Securities analyst Robert Labick downgrades ACV Auctions (NYSE:ACVA) from Market Outperform to Market Perform.
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Citigroup Maintains Neutral on ACV Auctions, Raises Price Target to $10.5
Citigroup analyst Ronald Josey maintains ACV Auctions (NYSE:ACVA) with a Neutral and raises the price target from $8.5 to $10.5.
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Halper Sadeh LLC is Investigating Whether ACVA and SAFT are Obtaining Fair Deals for their Shareholders
Investor rights law firm Halper Sadeh LLC is investigating multiple companies for potential securities law violations and breaches of fiduciary duties related to acquisition transactions. The firm is examining whether shareholders are receiving fair consideration in deals involving ACV's sale to Copart for $10.50/share and Safety Insurance Group's sale to a Mapfre affiliate for $105.00/share, among others. The firm seeks to obtain increased consideration and additional disclosures on behalf of shareholders.
ACV Auctions shares are trading higher after Copart announced it will acquire all outstanding shares of ACV common stock for $10.50 per share in cash.