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

ACV Auctions Inc. (NYSE:ACVA) saw unusually-high trading volume on Tuesday . Approximately 6,777,775 shares were traded 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. CJS Securities upgraded ACV Auctions to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a research note on Monday, December 29th. Zacks Research cut shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Wall Street Zen raised shares of ACV Auctions from a “sell” rating to a “hold” rating in a research note on Sunday, February 1st. Finally, Barclays raised shares of ACV Auctions to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.00.

ACV Auctions Price Performance

The stock’s 50 day moving average is $7.90 and its two-hundred day moving average is $8.82. The stock has a market capitalization of $824.70 million, a PE ratio of -11.14 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.

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.