ACV Auctions (NYSE:ACVA) Stock Rating Lowered by Barrington Research

ACV Auctions (NYSE:ACVA) was downgraded by Barrington Research from an “outperform” rating to a “hold” rating in a report issued on Thursday, Marketbeat.com reports.

ACVA has been the topic of several other reports. Wall Street Zen cut shares of ACV Auctions from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Zacks Research raised ACV Auctions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

ACV Auctions Price Performance

ACVA stock opened at $5.05 on Thursday. The stock’s 50-day moving average price is $9.74. ACV Auctions has a fifty-two week low of $4.95 and a fifty-two week high of $23.46. The firm has a market capitalization of $869.16 million, a PE ratio of -11.74 and a beta of 1.63. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 0.42.

ACV Auctions (NYSE:ACVA) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. ACV Auctions had a negative net margin of 9.89% and a negative return on equity of 7.91%. The company had revenue of $193.70 million during the quarter, compared to analysts’ expectations of $196.09 million.

About ACV Auctions

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. It also provides data services that offer insights into the condition and value of used vehicles, as well as offers customer financing services. ACV Auctions Inc was incorporated in 2014 and is headquartered in Buffalo, New York.