ACV Auctions Inc. (NYSE:ACVA) Receives $9.00 Consensus Target Price from Analysts

ACV Auctions Inc. (NYSE:ACVA) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $9.00.

ACVA has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th. CJS Securities raised ACV Auctions to a “strong-buy” rating in a research note on Thursday, December 11th. Jefferies Financial Group downgraded ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a report on Thursday, December 11th. Barrington Research cut ACV Auctions from an “outperform” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Wall Street Zen raised shares of ACV Auctions from a “sell” rating to a “hold” rating in a research report on Sunday.

ACV Auctions Stock Performance

NYSE:ACVA opened at $7.63 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.62 and a current ratio of 1.62. ACV Auctions has a fifty-two week low of $4.95 and a fifty-two week high of $22.09. The company has a 50 day simple moving average of $8.21 and a two-hundred day simple moving average of $9.62. The company has a market capitalization of $1.31 billion, a PE ratio of -17.74 and a beta of 1.63.

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

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.