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

ACV Auctions Inc. (NYSE:ACVA) has earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $9.00.

A number of research firms have weighed in on ACVA. CJS Securities upgraded shares of ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Barrington Research lowered shares of ACV Auctions from an “outperform” rating to a “hold” rating in a research note on Thursday, November 6th. Jefferies Financial Group lowered ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research note on Thursday, December 11th. Zacks Research cut ACV Auctions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a research note on Monday, December 29th.

ACV Auctions Stock Performance

Shares of ACVA stock opened at $7.82 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.51. ACV Auctions has a 12-month low of $4.95 and a 12-month high of $22.09. The business’s 50 day moving average is $8.20 and its two-hundred day moving average is $9.76. The company has a market capitalization of $1.35 billion, a P/E ratio of -18.19 and a beta of 1.63.

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 the consensus estimate 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 for the quarter.

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.