ACV Auctions (NYSE:ACVA) Stock Rating Upgraded by Wall Street Zen

ACV Auctions (NYSE:ACVA) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

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

ACV Auctions Stock Down 2.3%

ACVA stock opened at $7.63 on Friday. The stock has a market capitalization of $1.31 billion, a P/E ratio of -17.74 and a beta of 1.63. 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 has a 1-year low of $4.95 and a 1-year high of $22.09. The business has a fifty day moving average price of $8.21 and a 200-day moving average price of $9.62.

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

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.