ACV Auctions (NYSE:ACVA) Shares Down 9.6% – Here’s What Happened

ACV Auctions Inc. (NYSE:ACVA)’s share price fell 9.6% on Monday . The stock traded as low as $6.01 and last traded at $6.02. 1,547,290 shares were traded during trading, a decline of 42% from the average session volume of 2,670,811 shares. The stock had previously closed at $6.66.

Analysts Set New Price Targets

ACVA has been the subject of several research reports. Wall Street Zen upgraded shares of ACV Auctions from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. Zacks Research lowered ACV Auctions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Jefferies Financial Group cut ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a research note on Monday, December 29th. Finally, CJS Securities upgraded shares of ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ACV Auctions presently has a consensus rating of “Hold” and a consensus price target of $9.00.

ACV Auctions Trading Down 15.5%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50-day moving average of $7.95 and a 200-day moving average of $8.88. The firm has a market capitalization of $969.32 million, a P/E ratio of -13.09 and a beta of 1.63.

ACV Auctions Company Profile

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.