ACV Auctions (NYSE:ACVA) Trading Down 10.3% – Here’s What Happened

ACV Auctions Inc. (NYSE:ACVA)’s share price dropped 10.3% during trading on Thursday . The stock traded as low as $6.45 and last traded at $6.46. Approximately 1,157,111 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 2,471,209 shares. The stock had previously closed at $7.20.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ACVA. Barclays upgraded ACV Auctions to a “hold” rating in a research report on Tuesday, November 11th. Barrington Research lowered shares of ACV Auctions from an “outperform” rating to a “hold” rating in a report on Thursday, November 6th. Jefferies Financial Group cut shares of ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research report on Thursday, December 11th. Wall Street Zen upgraded shares of ACV Auctions from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. Finally, CJS Securities raised shares of ACV Auctions to a “strong-buy” rating in a research note on Thursday, December 11th. One research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.00.

ACV Auctions Stock Down 9.6%

The business has a 50-day moving average price of $8.15 and a 200 day moving average price of $9.28. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.12 billion, a P/E ratio of -15.14 and a beta of 1.63.

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.