ACV Auctions (NYSE:ACVA) Rating Lowered to “Sell” at Wall Street Zen

ACV Auctions (NYSE:ACVA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other analysts have also issued reports about the stock. 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 cut shares of ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Thursday, December 11th. Zacks Research lowered shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Barclays raised shares of ACV Auctions to a “hold” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th. One 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. Based on data from MarketBeat.com, ACV Auctions presently has a consensus rating of “Hold” and a consensus price target of $9.00.

ACV Auctions Stock Down 1.3%

Shares of NYSE ACVA opened at $8.51 on Friday. The stock has a market cap of $1.47 billion, a P/E ratio of -19.79 and a beta of 1.63. 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 fifty day simple moving average is $8.04 and its 200-day simple moving average is $10.04.

ACV Auctions (NYSE:ACVA) last released its earnings results on Wednesday, November 5th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.10). The company had revenue of $199.56 million for the quarter. ACV Auctions had a negative return on equity of 7.95% and a negative net margin of 9.89%.

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.