ACV Auctions (NYSE:ACVA) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of ACV Auctions (NYSE:ACVA) from a hold rating to a sell rating in a research report report published on Saturday morning.

ACVA has been the subject of a number of other research reports. Barclays upgraded shares of ACV Auctions to a “hold” rating in a research report on Tuesday, November 11th. CJS Securities raised ACV Auctions to a “strong-buy” rating in a report on Thursday, December 11th. Barrington Research downgraded ACV Auctions from an “outperform” rating to a “hold” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th. Finally, Jefferies Financial Group downgraded ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, ACV Auctions currently has a consensus rating of “Hold” and an average target price of $9.00.

ACV Auctions Price Performance

Shares of NYSE ACVA opened at $8.60 on Friday. The stock has a fifty day moving average price of $8.09 and a 200 day moving average price of $9.89. ACV Auctions has a 1-year low of $4.95 and a 1-year high of $22.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market cap of $1.48 billion, a PE ratio of -20.00 and a beta of 1.63.

ACV Auctions (NYSE:ACVA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.10). ACV Auctions had a negative net margin of 9.89% and a negative return on equity of 7.95%. The firm had revenue of $199.56 million during the quarter.

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.