ACV Auctions (NYSE:ACVA) Upgraded at Wall Street Zen

ACV Auctions (NYSE:ACVA) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other research firms also recently issued reports on ACVA. Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a research report on Monday, December 29th. Jefferies Financial Group lowered shares of ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a report on Thursday, December 11th. Barclays raised shares of ACV Auctions to a “hold” rating in a research report on Tuesday, November 11th. CJS Securities raised ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research lowered ACV Auctions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.00.

ACV Auctions Trading Down 0.8%

NYSE ACVA opened at $7.82 on Friday. The stock has a market capitalization of $1.35 billion, a P/E ratio of -18.19 and a beta of 1.63. The business has a 50 day simple moving average of $8.20 and a 200 day simple moving average of $9.71. 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 has a one year low of $4.95 and a one year high of $22.09.

ACV Auctions (NYSE:ACVA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

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.