Brokerages Set ACV Auctions Inc. (NYSE:ACVA) Price Target at $9.00

Shares of ACV Auctions Inc. (NYSE:ACVA) have received an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.00.

ACVA has been the topic of a number of recent analyst reports. CJS Securities raised ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th. Barrington Research lowered shares of ACV Auctions from an “outperform” rating to a “hold” rating in a research note on Thursday, November 6th. Jefferies Financial Group downgraded 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. Finally, Barclays upgraded shares of ACV Auctions to a “hold” rating in a research note on Tuesday, November 11th.

ACV Auctions Trading Up 0.8%

ACVA opened at $8.80 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.62 and a current ratio of 1.62. The business has a fifty day moving average price of $7.63. The company has a market capitalization of $1.52 billion, a P/E ratio of -20.46 and a beta of 1.63. ACV Auctions has a 12-month low of $4.95 and a 12-month high of $22.47.

ACV Auctions (NYSE:ACVA) last announced its earnings results on Wednesday, November 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.10). ACV Auctions had a negative net margin of 9.89% and a negative return on equity of 7.95%. 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.