Barrington Research Downgrades ACV Auctions (NYSE:ACVA) to Market Perform

ACV Auctions (NYSE:ACVA) was downgraded by Barrington Research from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday. They presently have a $7.00 price target on the stock. Barrington Research’s price target would suggest a potential upside of 12.59% from the company’s current price.

Several other research analysts have also weighed in on ACVA. Royal Bank Of Canada raised shares of ACV Auctions to an “outperform” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group dropped their target price on shares of ACV Auctions from $13.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of ACV Auctions in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of ACV Auctions from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.14.

ACV Auctions Price Performance

Shares of ACVA stock traded down $0.35 during trading hours on Monday, hitting $6.22. 856,459 shares of the company’s stock were exchanged, compared to its average volume of 3,280,006. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.09 billion, a P/E ratio of -17.96 and a beta of 1.84. ACV Auctions has a fifty-two week low of $4.07 and a fifty-two week high of $17.16. The firm has a 50 day moving average of $5.18 and a two-hundred day moving average of $6.48.

Insider Buying and Selling

In related news, CEO George Chamoun bought 24,272 shares of ACV Auctions stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $5.05 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.40% of the company’s stock.

Institutional Trading of ACV Auctions

A number of institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its holdings 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 worth $27,000 after acquiring an additional 1,421 shares during the period. Caitong International Asset Management Co. Ltd boosted its position 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 purchasing an additional 3,629 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its position in ACV Auctions by 298.4% during the third quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock worth $33,000 after purchasing an additional 2,489 shares in the last quarter. Larson Financial Group LLC grew 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 purchasing an additional 4,950 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of ACV Auctions by 12,979.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after buying an additional 5,711 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

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.