ACV Auctions (NYSE:ACVA) Rating Increased to Hold at Wall Street Zen

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

ACVA has been the topic of a number of other reports. Weiss Ratings reissued a “sell (e+)” rating on shares of ACV Auctions in a research note on Monday, December 29th. Zacks Research lowered shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Jefferies Financial Group downgraded shares of 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. CJS Securities raised shares of ACV Auctions to a “strong-buy” rating in a report on Thursday, December 11th. 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.00.

ACV Auctions Stock Performance

Shares of ACV Auctions stock opened at $7.82 on Friday. The company’s 50 day moving average price is $8.20 and its two-hundred day moving average price is $9.71. The firm has a market capitalization of $1.35 billion, a P/E ratio of -18.19 and a beta of 1.63. ACV Auctions has a fifty-two week low of $4.95 and a fifty-two week high of $22.09. 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 (NYSE:ACVA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). The firm had revenue of $199.56 million during the quarter. ACV Auctions had a negative net margin of 9.89% and a negative return on equity of 7.95%.

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.