ACV Auctions (NYSE:ACVA) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of ACV Auctions (NYSE:ACVA) from a sell rating to a hold rating in a research report sent to investors on Sunday.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group cut 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. Weiss Ratings restated a “sell (e+)” rating on shares of ACV Auctions in a research report on Monday, December 29th. CJS Securities upgraded shares of ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research lowered shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Barrington Research downgraded shares of ACV Auctions from an “outperform” rating to a “hold” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.00.

ACV Auctions Trading Down 0.8%

ACVA opened at $7.82 on Friday. The firm has a 50 day simple moving average of $8.20 and a 200 day simple moving average of $9.67. ACV Auctions has a fifty-two week low of $4.95 and a fifty-two week high of $22.09. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -18.19 and a beta of 1.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.62 and a quick ratio of 1.62.

ACV Auctions (NYSE:ACVA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). The business had revenue of $199.56 million during the quarter. ACV Auctions had a negative net margin of 9.89% and a negative return on equity of 7.95%.

ACV Auctions Company Profile

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.