ACV Auctions (NASDAQ:ACVA) Stock Rating Lowered by Barrington Research

ACV Auctions (NASDAQ:ACVA) was downgraded by stock analysts at Barrington Research from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, Marketbeat reports.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group cut their price target on ACV Auctions from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 17th. JMP Securities dropped their target price on shares of ACV Auctions from $20.00 to $18.00 and set a “market outperform” rating for the company in a report on Tuesday, August 12th. Needham & Company LLC reduced their price target on shares of ACV Auctions from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Citigroup lowered their price target on shares of ACV Auctions from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Finally, Bank of America cut their price objective on ACV Auctions from $20.00 to $16.50 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.75.

ACV Auctions Price Performance

ACVA stock opened at $5.39 on Thursday. The firm has a 50 day moving average of $9.61 and a 200-day moving average of $13.17. The company has a market cap of $926.97 million, a price-to-earnings ratio of -10.99 and a beta of 1.63. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28. ACV Auctions has a 12-month low of $4.95 and a 12-month high of $23.46.

ACV Auctions (NASDAQ:ACVA) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $199.56 million during the quarter, compared to the consensus estimate of $200.26 million. ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%.ACV Auctions’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the business posted $0.04 EPS. ACV Auctions has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts expect that ACV Auctions will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On ACV Auctions

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in ACV Auctions by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 15,301,225 shares of the company’s stock valued at $215,594,000 after acquiring an additional 1,055,310 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of ACV Auctions by 0.3% in the second quarter. William Blair Investment Management LLC now owns 11,109,706 shares of the company’s stock valued at $180,199,000 after purchasing an additional 32,797 shares during the period. Massachusetts Financial Services Co. MA increased its stake in ACV Auctions by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,143,400 shares of the company’s stock valued at $148,306,000 after purchasing an additional 58,570 shares during the last quarter. Wasatch Advisors LP lifted its position in ACV Auctions by 301.0% during the second quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company’s stock worth $118,331,000 after buying an additional 5,475,874 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in ACV Auctions by 10.5% in the 1st quarter. Alliancebernstein L.P. now owns 6,214,362 shares of the company’s stock worth $87,560,000 after buying an additional 592,107 shares during the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

ACV Auctions Company Profile

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company’s marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green’s seller assurance service for against claims related to defects in the vehicle.