BUZZ-ACV Auctions rises as Needham lifts PT
** Shares of ACV Auctions ACVA.O up about 1% at $21.87
** Brokerage Needham raises the stock's PT to $28 from $26
** Says the online vehicle auction platform's revenue will grow as it expands into commercial auction supply
** Brokerage expects rising demand in Q4 and FY25; adds that a short supply of used vehicles will increase revenue
** Needham expects company growth in the long term as wholesale auctions shift away from brick-and-mortar towards online, where the company is a leader
** Eleven of 14 brokerages rate the stock "buy" or higher and three "hold"; their median PT is $26, according to data compiled by LSEG
** Including session's moves, ACVA up about 45% YTD
(Reporting by Aamir Sohail in Bengaluru)
((Aamir.Sohail@thomsonreuters.com;))
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