Citigroup upgraded ACV Auctions Inc. to Overweight after the company reported stronger Q2 2026 results, including earnings per share of $0.06, record revenue of $213.94 million and improved EBITDA margins. The new call, attributed to analyst Jeff Lick, marks a more bullish stance than the earlier Market Perform rating referenced in prior coverage. The quarter also built on previously reported year-over-year revenue growth and record adjusted EBITDA, reinforcing confidence in the company's operating performance.