ACV Auctions (NYSE:ACVA) Cut to Sell at Wall Street Zen

ACV Auctions (NYSE:ACVA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of ACV Auctions in a research report on Monday, December 29th. Jefferies Financial Group downgraded ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research report on Thursday, December 11th. CJS Securities upgraded ACV Auctions to a “strong-buy” rating in a report on Thursday, December 11th. Barclays raised shares of ACV Auctions to a “hold” rating in a research report on Tuesday, November 11th. Finally, Zacks Research lowered shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.00.

ACV Auctions Price Performance

Shares of NYSE ACVA opened at $8.51 on Friday. The firm has a 50-day simple moving average of $8.04 and a 200-day simple moving average of $10.04. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -19.79 and a beta of 1.63. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.51. ACV Auctions has a 52 week low of $4.95 and a 52 week high of $22.09.

ACV Auctions (NYSE:ACVA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). The business had revenue of $199.56 million for 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.