ACV Auctions Inc. (NYSE:ACVA) Given Average Recommendation of “Hold” by Analysts

Shares of ACV Auctions Inc. (NYSE:ACVA) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $9.00.

ACVA has been the topic of several analyst reports. CJS Securities raised ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Wall Street Zen downgraded ACV Auctions from a “hold” rating to a “sell” rating in a research note on Saturday, January 24th. Barrington Research cut ACV Auctions from an “outperform” rating to a “hold” rating in a research report on Thursday, November 6th. Jefferies Financial Group downgraded ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Thursday, December 11th. Finally, Barclays raised shares of ACV Auctions to a “hold” rating in a research note on Tuesday, November 11th.

ACV Auctions Stock Performance

ACVA opened at $7.82 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.51. ACV Auctions has a 12-month low of $4.95 and a 12-month high of $22.09. The firm has a 50 day moving average of $8.20 and a two-hundred day moving average of $9.76. The firm has a market capitalization of $1.35 billion, a PE ratio of -18.19 and a beta of 1.63.

ACV Auctions (NYSE:ACVA) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). The business had revenue of $199.56 million during the quarter. ACV Auctions had a negative return on equity of 7.95% and a negative net margin of 9.89%.

About ACV Auctions

ACV Auctions operates a digital marketplace designed to streamline the wholesale used-vehicle auction process for independent dealerships and larger automotive groups. The platform enables dealers to participate in live, online auctions, submit real-time bids, and access guaranteed-sale programs that reduce the risk of inventory moving. By replicating the dynamics of in-lane bidding in a virtual environment, ACV Auctions connects sellers and buyers across a broad geographic footprint without the need for physical auction attendance.

In addition to its core marketplace, ACV Auctions offers a suite of software tools and data-driven services aimed at improving transparency and decision-making in the remarketing process.