ACV Auctions (NYSE:ACVA) Upgraded by Barclays to “Hold” Rating

ACV Auctions (NYSE:ACVA) was upgraded by research analysts at Barclays to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts also recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of ACV Auctions in a research report on Tuesday, October 14th. Zacks Research upgraded shares of ACV Auctions from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Barrington Research lowered shares of ACV Auctions from an “outperform” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Wall Street Zen downgraded ACV Auctions from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ACV Auctions presently has an average rating of “Hold”.

ACV Auctions Price Performance

NYSE:ACVA opened at $5.51 on Tuesday. ACV Auctions has a 1-year low of $4.95 and a 1-year high of $23.46. The stock has a market cap of $948.33 million, a P/E ratio of -12.81 and a beta of 1.63. The stock has a 50-day simple moving average of $9.26. 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 (NYSE:ACVA) last announced its earnings results on Wednesday, November 5th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). The business had revenue of $199.56 million for the quarter. ACV Auctions had a negative net margin of 9.89% and a negative return on equity of 7.95%.

About ACV Auctions

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. It also provides data services that offer insights into the condition and value of used vehicles, as well as offers customer financing services. ACV Auctions Inc was incorporated in 2014 and is headquartered in Buffalo, New York.