ACV Auctions Inc. (NYSE:ACVA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of ACV Auctions Inc. (NYSE:ACVA) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.45.

Several research firms have recently commented on ACVA. B. Riley Financial reduced their price target on ACV Auctions from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a research report on Monday, December 29th. Barrington Research upgraded ACV Auctions from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 24th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of ACV Auctions in a report on Tuesday, February 24th. Finally, Jefferies Financial Group lowered shares of ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a research report on Thursday, December 11th.

ACV Auctions Price Performance

NYSE ACVA opened at $4.82 on Tuesday. The company has a market cap of $838.15 million, a PE ratio of -12.67 and a beta of 1.69. The firm’s 50 day moving average price is $6.57 and its 200-day moving average price is $7.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.60 and a current ratio of 1.60. ACV Auctions has a 52-week low of $4.45 and a 52-week high of $17.54.

ACV Auctions (NYSE:ACVA) last issued its quarterly earnings data on Monday, February 23rd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.10). The business had revenue of $183.65 million during the quarter, compared to the consensus estimate of $181.96 million. ACV Auctions had a negative return on equity of 6.17% and a negative net margin of 8.71%.The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm earned ($0.16) EPS.

Insider Activity at ACV Auctions

In other news, CEO George Chamoun acquired 24,272 shares of ACV Auctions stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $5.05 per share, for a total transaction of $122,573.60. Following the purchase, the chief executive officer directly owned 2,952,977 shares in the company, valued at $14,912,533.85. The trade was a 0.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ACV Auctions

Several institutional investors and hedge funds have recently bought and sold shares of ACVA. Fifth Third Bancorp lifted its holdings in shares of ACV Auctions by 72.4% during the 4th quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock valued at $27,000 after purchasing an additional 1,421 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in ACV Auctions by 2,573.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $30,000 after buying an additional 3,629 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in ACV Auctions by 298.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock valued at $33,000 after buying an additional 2,489 shares in the last quarter. Larson Financial Group LLC increased its position in ACV Auctions by 38,076.9% during the 4th quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after buying an additional 4,950 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in ACV Auctions by 12,979.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after buying an additional 5,711 shares during the last quarter. 88.55% of the stock is owned by hedge funds and other institutional investors.

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.