Used Car MarketCarvana and CarMax news of very soft used car prices dominate the news these days. It is noteworthy that Auto trader Canada report relatively stronger pricing in canada unlike their US peers. ACQ takedown is unwarranted IMO and with SIB starting tomorrow, we will have renewed demand for the shares.
Acumen lower TP to $40 stating: “ACQ highlights that they haven’t seen the same destruction in used vehicle values and sales volume that has been well documented in the U.S. but do remain cautious at this time,”
Remember, ACQ is more than just used cars!