ACV Auctions (NYSE:ACVA) Rating Increased to Strong-Buy 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 sent to investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on ACVA. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a report on Monday, December 29th. CJS Securities raised shares of ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Jefferies Financial Group lowered shares of ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a report on Thursday, December 11th. Wall Street Zen raised shares of ACV Auctions from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. Finally, Zacks Research downgraded shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.00.

ACV Auctions Price Performance

ACVA stock opened at $4.70 on Tuesday. The business’s 50-day moving average is $7.83 and its two-hundred day moving average is $8.76. 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 firm has a market capitalization of $809.20 million, a P/E ratio of -12.37 and a beta of 1.63. ACV Auctions has a 1 year low of $4.61 and a 1 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.