ACV Auctions Inc. (NYSE:ACVA) Receives Average Rating of “Hold” from Analysts

Shares of ACV Auctions Inc. (NYSE:ACVA) have been assigned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.1364.

ACVA has been the subject of several recent research reports. Stephens raised ACV Auctions to a “hold” rating in a report on Monday, June 1st. B. Riley Financial dropped their price objective on ACV Auctions from $17.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Barclays dropped their price objective on ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Royal Bank Of Canada raised ACV Auctions to an “outperform” rating in a research note on Tuesday, February 24th. Finally, Barrington Research downgraded shares of ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 price target on the stock. in a research report on Monday, June 1st.

ACV Auctions Stock Performance

Shares of NYSE:ACVA opened at $5.65 on Friday. The stock has a market capitalization of $987.13 million, a P/E ratio of -16.15 and a beta of 1.84. ACV Auctions has a 1-year low of $4.07 and a 1-year high of $17.16. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $5.32 and a two-hundred day moving average price of $6.49.

Insider Buying and Selling at ACV Auctions

In other news, CEO George Chamoun purchased 24,272 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost of $5.05 per share, for a total transaction of $122,573.60. Following the transaction, the chief executive officer directly owned 2,952,977 shares of the company’s stock, valued at approximately $14,912,533.85. The trade was a 0.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 4.40% of the stock is owned by corporate insiders.

Institutional Trading of ACV Auctions

Hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd raised its position in shares of ACV Auctions by 298.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock valued at $33,000 after acquiring an additional 2,489 shares during the period. Fifth Third Bancorp raised its position in shares of ACV Auctions by 72.4% in the 4th quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock valued at $27,000 after acquiring an additional 1,421 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of ACV Auctions by 2,573.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $30,000 after acquiring an additional 3,629 shares during the period. Larson Financial Group LLC raised its position in shares of ACV Auctions by 38,076.9% in the 4th quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after acquiring an additional 4,950 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of ACV Auctions by 12,979.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after acquiring an additional 5,711 shares during the period. 88.55% of the stock is currently owned by institutional investors and hedge funds.

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.