ACV Auctions (NYSE:ACVA) Shares Gap Up – Here’s Why

ACV Auctions Inc. (NYSE:ACVA) gapped up before the market opened on Tuesday . The stock had previously closed at $4.89, but opened at $5.29. ACV Auctions shares last traded at $5.08, with a volume of 709,012 shares traded.

Analyst Ratings Changes

ACVA has been the topic of several analyst reports. Barclays raised ACV Auctions to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a research report on Monday, December 29th. Zacks Research lowered shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Barrington Research raised shares of ACV Auctions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Finally, CJS Securities raised shares of ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ACV Auctions presently has a consensus rating of “Hold” and a consensus price target of $9.00.

ACV Auctions Stock Performance

The firm has a market capitalization of $953.91 million, a P/E ratio of -14.42 and a beta of 1.69. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a 50-day moving average price of $7.47 and a two-hundred day moving average price of $8.49.

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.