ACV Auctions (NYSE:ACVA) Stock Price Down 3.5% – Should You Sell?

ACV Auctions Inc. (NYSE:ACVA)’s share price traded down 3.5% during mid-day trading on Friday . The company traded as low as $7.39 and last traded at $7.40. Approximately 964,087 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 3,446,790 shares. The stock had previously closed at $7.67.

Analyst Upgrades and Downgrades

ACVA has been the subject of several research analyst reports. Bank of America reaffirmed an “underperform” rating on shares of ACV Auctions in a research note on Tuesday, August 11th. Barclays cut ACV Auctions from an “equal weight” rating to an “underweight” rating and set a $8.00 target price on the stock. in a research note on Tuesday, August 11th. Citizens Jmp downgraded ACV Auctions from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 11th. Citigroup raised their price target on ACV Auctions from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded shares of ACV Auctions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.50.

ACV Auctions Price Performance

The company has a market cap of $1.26 billion, a PE ratio of -20.64 and a beta of 1.82. The firm’s 50-day moving average is $7.31 and its 200-day moving average is $6.15. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atreides Management LP lifted its stake in shares of ACV Auctions by 125.2% in the 4th quarter. Atreides Management LP now owns 12,411,800 shares of the company’s stock valued at $99,543,000 after purchasing an additional 6,901,010 shares during the period. Wasatch Advisors LP grew its stake in ACV Auctions by 301.0% in the second quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company’s stock worth $118,331,000 after purchasing an additional 5,475,874 shares during the period. Alliancebernstein L.P. grew its stake in ACV Auctions by 14.1% in the third quarter. Alliancebernstein L.P. now owns 6,332,313 shares of the company’s stock worth $62,753,000 after purchasing an additional 784,411 shares during the period. Jennison Associates LLC raised its holdings in ACV Auctions by 1.5% in the fourth quarter. Jennison Associates LLC now owns 5,766,578 shares of the company’s stock worth $46,248,000 after purchasing an additional 87,959 shares in the last quarter. Finally, State Street Corp raised its holdings in ACV Auctions by 3.2% in the fourth quarter. State Street Corp now owns 3,853,014 shares of the company’s stock worth $30,901,000 after purchasing an additional 119,079 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

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.