ACV Auctions Inc. (NYSE:ACVA) Given Consensus Rating of “Hold” by Brokerages

ACV Auctions Inc. (NYSE:ACVA) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.1364.

Several research firms recently issued reports on ACVA. Stephens raised ACV Auctions to a “hold” rating in a research note on Monday, June 1st. Barclays decreased their target price on ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. The Goldman Sachs Group decreased their target price on ACV Auctions from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC reissued a “buy” rating and set a $9.00 target price on shares of ACV Auctions in a research note on Tuesday, February 24th. Finally, Citigroup lowered ACV Auctions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $7.00 in a research note on Tuesday, February 24th.

Institutional Investors Weigh In On ACV Auctions

Several large investors have recently bought and sold shares of the stock. Amundi purchased a new stake in ACV Auctions during the 1st quarter worth about $63,000. California State Teachers Retirement System increased its holdings in ACV Auctions by 46.0% during the 1st quarter. California State Teachers Retirement System now owns 234,207 shares of the company’s stock worth $993,000 after purchasing an additional 73,823 shares during the period. Quantinno Capital Management LP increased its holdings in ACV Auctions by 215.8% during the 1st quarter. Quantinno Capital Management LP now owns 425,494 shares of the company’s stock worth $1,804,000 after purchasing an additional 290,739 shares during the period. Wealth Alliance LLC purchased a new stake in ACV Auctions during the 1st quarter worth about $60,000. Finally, Senvest Management LLC increased its holdings in ACV Auctions by 9.0% during the 1st quarter. Senvest Management LLC now owns 3,530,785 shares of the company’s stock worth $14,971,000 after purchasing an additional 291,729 shares during the period. Hedge funds and other institutional investors own 88.55% of the company’s stock.

ACV Auctions Price Performance

ACVA opened at $6.02 on Friday. The stock’s 50-day moving average price is $5.49 and its 200 day moving average price is $6.46. ACV Auctions has a 12-month low of $4.07 and a 12-month high of $16.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -17.19 and a beta of 1.84.

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.