ACV Auctions Inc. (NYSE:ACVA) Receives $9.00 Average Price Target from Analysts

ACV Auctions Inc. (NYSE:ACVA) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $9.00.

ACVA has been the subject of several analyst reports. CJS Securities upgraded shares of ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Jefferies Financial Group downgraded shares of ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th. Zacks Research lowered ACV Auctions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Barrington Research downgraded ACV Auctions from an “outperform” rating to a “hold” rating in a research report on Thursday, November 6th.

ACV Auctions Stock Performance

NYSE:ACVA opened at $7.52 on Friday. The stock has a 50 day simple moving average of $8.21 and a 200 day simple moving average of $9.55. The stock has a market cap of $1.29 billion, a P/E ratio of -17.49 and a beta of 1.63. ACV Auctions has a 1-year low of $4.95 and a 1-year high of $22.09. 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 (NYSE:ACVA) last posted 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%.

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.