ACV Auctions Inc. (NYSE:ACVA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of ACV Auctions Inc. (NYSE:ACVA) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.00.

Several analysts recently issued reports on the company. Jefferies Financial Group downgraded ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research note on Thursday, December 11th. CJS Securities raised shares of ACV Auctions to a “strong-buy” rating in a report on Thursday, December 11th. Barrington Research downgraded shares of ACV Auctions from an “outperform” rating to a “hold” rating in a report on Thursday, November 6th. Zacks Research lowered shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th.

ACV Auctions Price Performance

Shares of ACVA stock opened at $8.76 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.51. ACV Auctions has a one year low of $4.95 and a one year high of $22.47. The company’s fifty day moving average price is $7.62. The company has a market cap of $1.51 billion, a P/E ratio of -20.37 and a beta of 1.63.

ACV Auctions (NYSE:ACVA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). ACV Auctions had a negative return on equity of 7.95% and a negative net margin of 9.89%.The business 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.