Barrington Research Upgrades ACV Auctions (NYSE:ACVA) to Strong-Buy

ACV Auctions (NYSE:ACVA) was upgraded by equities research analysts at Barrington Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in on ACVA. Barclays upgraded ACV Auctions to a “hold” rating in a research note on Tuesday, November 11th. CJS Securities raised shares of ACV Auctions to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen upgraded shares of ACV Auctions from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. Zacks Research cut shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.00.

ACV Auctions Trading Down 4.8%

ACV Auctions stock opened at $4.52 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.62 and a current ratio of 1.60. ACV Auctions has a fifty-two week low of $4.45 and a fifty-two week high of $17.54. The stock has a market cap of $778.21 million, a P/E ratio of -11.89 and a beta of 1.63. The firm’s fifty day moving average price is $7.77 and its 200-day moving average price is $8.73.

About ACV Auctions

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.