ACV Auctions (NYSE:ACVA) Trading Down 3.5% – Time to Sell?

Shares of ACV Auctions Inc. (NYSE:ACVA) dropped 3.5% during trading on Friday . The company traded as low as $7.39 and last traded at $7.40. 964,087 shares changed hands during trading, a decline of 72% from the average session volume of 3,446,790 shares. The stock had previously closed at $7.67.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of ACV Auctions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. Bank of America reiterated an “underperform” rating on shares of ACV Auctions in a research note on Tuesday, August 11th. Citigroup increased their target price on ACV Auctions from $7.00 to $8.50 and gave the company a “neutral” rating in a report on Monday. Barclays downgraded ACV Auctions from an “equal weight” rating to an “underweight” rating and set a $8.00 target price on the stock. in a research report on Tuesday, August 11th. Finally, Citizens Jmp lowered ACV Auctions from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.50.

ACV Auctions Price Performance

The stock’s 50-day moving average price is $7.29 and its 200 day moving average price is $6.14. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -20.61 and a beta of 1.82. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.53.

Institutional Trading of ACV Auctions

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in shares of ACV Auctions by 72.4% during the 4th quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock worth $27,000 after purchasing an additional 1,421 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in ACV Auctions by 2,573.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $30,000 after buying an additional 3,629 shares in the last quarter. Larson Financial Group LLC boosted its stake in ACV Auctions by 38,076.9% during the fourth quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock worth $40,000 after buying an additional 4,950 shares during the last quarter. Versant Capital Management Inc boosted its stake in ACV Auctions by 28.8% during the second quarter. Versant Capital Management Inc now owns 6,187 shares of the company’s stock worth $44,000 after buying an additional 1,382 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in ACV Auctions by 12,979.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after buying an additional 5,711 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

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.