ACV Auctions Inc. (NYSE:ACVA – Get Free Report) saw strong trading volume on Tuesday. Approximately 10,216,637 shares traded hands during mid-day trading, an increase of 122% from the previous session’s volume of 4,592,714 shares. The stock last traded at $10.4450 and had previously closed at $10.46.
Analyst Ratings Changes
ACVA has been the topic of several recent analyst reports. Barrington Research lowered shares of ACV Auctions from an “outperform” rating to a “strong sell” rating in a report on Friday, September 11th. Bank of America restated an “underperform” rating on shares of ACV Auctions in a report on Tuesday, August 11th. Weiss Ratings raised shares of ACV Auctions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. Northcoast Research lowered shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, CJS Securities lowered shares of ACV Auctions from a “market outperform” rating to a “market perform” rating in a report on Tuesday, September 15th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, ACV Auctions currently has a consensus rating of “Hold” and an average target price of $9.70.
Check Out Our Latest Analysis on ACVA
ACV Auctions Trading Down 0.2%
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of ACVA. Versant Capital Management Inc raised its position in ACV Auctions by 28.8% in the second quarter. Versant Capital Management Inc now owns 6,187 shares of the company’s stock worth $44,000 after acquiring an additional 1,382 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of ACV Auctions by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 30,706 shares of the company’s stock valued at $246,000 after purchasing an additional 1,982 shares in the last quarter. IFP Advisors Inc boosted its position in shares of ACV Auctions by 6.7% during the 2nd quarter. IFP Advisors Inc now owns 45,834 shares of the company’s stock valued at $330,000 after purchasing an additional 2,866 shares in the last quarter. Diversified Trust Co grew its stake in shares of ACV Auctions by 13.7% in the 1st quarter. Diversified Trust Co now owns 45,520 shares of the company’s stock worth $193,000 after purchasing an additional 5,471 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of ACV Auctions by 316.8% in the 2nd quarter. Allworth Financial LP now owns 11,004 shares of the company’s stock worth $79,000 after purchasing an additional 8,364 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 (NYSE: ACVA) operates a digital marketplace for wholesale vehicle transactions. Its platform connects automotive dealers with sellers, including franchised and independent dealerships, commercial partners and other participants in the wholesale vehicle market, enabling vehicles to be bought and sold through online auctions.
The company provides services designed to support the wholesale transaction process, including vehicle inspections and condition reports, digital auction tools, transportation and logistics coordination, and post-sale protection and arbitration services.
Read More
- Five stocks we like better than ACV Auctions
- Rocket Lab Bounces Off Its Lows—What’s Behind the Move?
- NVIDIA Just Turned AI Safety Into a Spending Story and These 3 Stocks Benefit
- Why SpaceX Investors Should Look Past Starship’s Fiery Splashdown
- Meta’s Muse Is Taking Aim at E-Commerce, But Amazon Isn’t Playing Along
Receive News & Ratings for ACV Auctions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACV Auctions and related companies with MarketBeat.com's FREE daily email newsletter.
