ACV Auctions (NYSE:ACVA) Sees Unusually-High Trading Volume – What’s Next?

ACV Auctions Inc. (NYSE:ACVA) shares saw unusually-high trading volume on Tuesday . Approximately 6,777,775 shares traded hands during trading, an increase of 130% from the previous session’s volume of 2,941,170 shares.The stock last traded at $4.89 and had previously closed at $5.68.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ACVA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th. CJS Securities raised ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research cut ACV Auctions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Barrington Research downgraded ACV Auctions from an “outperform” rating to a “hold” rating in a report on Thursday, November 6th. Finally, 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 report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ACV Auctions presently has an average rating of “Hold” and an average price target of $9.00.

ACV Auctions Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a 50 day simple moving average of $7.90 and a two-hundred day simple moving average of $8.82. The company has a market cap of $824.70 million, a PE ratio of -11.14 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.