ACV Auctions Inc. (NYSE:ACVA) Given Consensus Recommendation of “Hold” by Brokerages

ACV Auctions Inc. (NYSE:ACVA) has been assigned an average rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $10.2273.

A number of equities research analysts recently issued reports on the company. Barclays increased their price target on ACV Auctions from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Barrington Research cut ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 price objective for the company. in a report on Monday, June 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a research report on Wednesday, June 24th. Finally, Stephens raised ACV Auctions to a “hold” rating in a report on Monday, June 1st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Atreides Management LP increased its holdings in ACV Auctions by 125.2% in the fourth quarter. Atreides Management LP now owns 12,411,800 shares of the company’s stock valued at $99,543,000 after purchasing an additional 6,901,010 shares during the period. Wasatch Advisors LP lifted its holdings in ACV Auctions by 301.0% during the 2nd quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company’s stock worth $118,331,000 after buying an additional 5,475,874 shares during the period. Alliancebernstein L.P. grew its position in shares of ACV Auctions by 14.1% in the 3rd quarter. Alliancebernstein L.P. now owns 6,332,313 shares of the company’s stock valued at $62,753,000 after buying an additional 784,411 shares during the last quarter. Jennison Associates LLC grew its position in shares of ACV Auctions by 1.5% in the 4th quarter. Jennison Associates LLC now owns 5,766,578 shares of the company’s stock valued at $46,248,000 after buying an additional 87,959 shares during the last quarter. Finally, State Street Corp grew its position in shares of ACV Auctions by 3.2% in the 4th quarter. State Street Corp now owns 3,853,014 shares of the company’s stock valued at $30,901,000 after buying an additional 119,079 shares during the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

ACV Auctions Price Performance

Shares of NYSE ACVA opened at $7.48 on Monday. The firm has a market cap of $1.31 billion, a P/E ratio of -21.38 and a beta of 1.82. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46. ACV Auctions has a 1-year low of $4.07 and a 1-year high of $14.75. The business’s 50 day moving average is $6.83 and its 200-day moving average is $6.24.

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.