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

ACV Auctions Inc. (NYSE:ACVA) has earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.2273.

A number of equities research analysts have commented on ACVA shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a research report on Wednesday, June 24th. Barrington Research lowered ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 price objective on the stock. in a research note on Monday, June 1st. Barclays lifted their price objective on ACV Auctions from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Stephens raised shares of ACV Auctions to a “hold” rating in a research report on Monday, June 1st.

Institutional Investors Weigh In On ACV Auctions

A number of institutional investors have recently modified their holdings of ACVA. Fifth Third Bancorp increased its position in shares of ACV Auctions by 72.4% during the fourth quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock worth $27,000 after buying an additional 1,421 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in ACV Auctions by 2,573.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $30,000 after buying an additional 3,629 shares during the last quarter. Larson Financial Group LLC lifted its holdings in ACV Auctions by 38,076.9% in the fourth quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after buying an additional 4,950 shares during the period. Versant Capital Management Inc lifted its holdings in ACV Auctions by 28.8% in the second quarter. Versant Capital Management Inc now owns 6,187 shares of the company’s stock valued at $44,000 after buying an additional 1,382 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in ACV Auctions by 12,979.5% during the fourth 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 last quarter. 88.55% of the stock is owned by institutional investors.

ACV Auctions Stock Up 0.6%

Shares of NYSE:ACVA opened at $7.78 on Monday. The firm has a market cap of $1.36 billion, a P/E ratio of -22.21 and a beta of 1.82. ACV Auctions has a 12-month low of $4.07 and a 12-month high of $14.91. The business has a fifty day simple moving average of $6.64 and a 200 day simple moving average of $6.25. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

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.