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

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

ACVA has been the topic of several recent research reports. Barrington Research lowered 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. Stephens raised shares of ACV Auctions to a “hold” rating in a research report on Monday, June 1st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a research note on Wednesday, June 24th.

Institutional Investors Weigh In On ACV Auctions

Large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in ACV Auctions in the 4th quarter worth $392,000. Royal Bank of Canada boosted its position in ACV Auctions by 14.3% in the 1st quarter. Royal Bank of Canada now owns 83,187 shares of the company’s stock valued at $1,173,000 after buying an additional 10,382 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of ACV Auctions during the first quarter valued at about $197,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ACV Auctions by 19.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 188,904 shares of the company’s stock valued at $2,662,000 after acquiring an additional 30,299 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of ACV Auctions by 35.7% during the first quarter. Millennium Management LLC now owns 728,697 shares of the company’s stock worth $10,267,000 after acquiring an additional 191,883 shares during the last quarter. 88.55% of the stock is owned by institutional investors and hedge funds.

ACV Auctions Price Performance

ACVA stock opened at $7.28 on Thursday. The firm has a market cap of $1.27 billion, a P/E ratio of -20.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.47 and a current ratio of 1.47. ACV Auctions has a 1 year low of $4.07 and a 1 year high of $16.83. The stock has a 50-day simple moving average of $6.01 and a 200-day simple moving average of $6.34.

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.