ACV Auctions (NYSE:ACVA) Upgraded at Barrington Research

Barrington Research upgraded shares of ACV Auctions (NYSE:ACVA) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

ACVA has been the topic of several other research reports. CJS Securities raised shares of ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a research note 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 target price on the stock. in a report on Thursday, December 11th. Zacks Research downgraded shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Barclays raised ACV Auctions to a “hold” rating in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.00.

ACV Auctions Stock Performance

Shares of ACV Auctions stock opened at $4.70 on Tuesday. The business’s 50 day moving average price is $7.71 and its 200 day moving average price is $8.70. The company has a market cap of $809.20 million, a price-to-earnings ratio of -12.37 and a beta of 1.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.62 and a current ratio of 1.60. ACV Auctions has a one year low of $4.45 and a one year high of $17.54.

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.