ACV Auctions (NYSE:ACVA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ACV Auctions (NYSE:ACVA) from a sell rating to a hold rating in a research report released on Sunday morning.

ACVA has been the topic of a number of other research reports. CJS Securities upgraded ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Barrington Research downgraded shares of ACV Auctions from an “outperform” rating to a “hold” rating in a research note on Thursday, November 6th. Barclays raised shares of ACV Auctions to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of ACV Auctions in a research note on Monday, December 29th. Finally, Jefferies Financial Group lowered shares of ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.00.

ACV Auctions Stock Down 2.0%

NYSE ACVA opened at $7.47 on Friday. The business has a fifty day moving average price of $8.21 and a two-hundred day moving average price of $9.56. The stock has a market capitalization of $1.29 billion, a PE ratio of -17.37 and a beta of 1.63. ACV Auctions has a fifty-two week low of $4.95 and a fifty-two week high of $22.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.62 and a quick ratio of 1.62.

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

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.