ACV Auctions Inc. (NYSE:ACVA) Receives Average Recommendation of “Hold” from Brokerages

Shares of ACV Auctions Inc. (NYSE:ACVA) have received an average rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $9.50.

Several analysts have recently weighed in on ACVA shares. Weiss Ratings raised shares of ACV Auctions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. Citizens Jmp cut shares of ACV Auctions from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 11th. Stephens upgraded shares of ACV Auctions from an “equal weight” rating to an “overweight” rating and set a $10.50 price objective for the company in a research report on Tuesday, August 11th. Bank of America reaffirmed an “underperform” rating on shares of ACV Auctions in a report on Tuesday, August 11th. Finally, Citigroup boosted their target price on ACV Auctions from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, August 17th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ACVA. Fifth Third Bancorp boosted its position in shares of ACV Auctions by 72.4% during the 4th quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock worth $27,000 after purchasing an additional 1,421 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of ACV Auctions by 2,573.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $30,000 after purchasing an additional 3,629 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of 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 period. Farther Finance Advisors LLC boosted its holdings 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 worth $46,000 after buying an additional 5,711 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in ACV Auctions by 28.8% during the second quarter. Versant Capital Management Inc now owns 6,187 shares of the company’s stock worth $44,000 after buying an additional 1,382 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

ACV Auctions Stock Performance

NYSE ACVA opened at $7.29 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of -20.24 and a beta of 1.82. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $7.36 and its 200 day moving average price is $6.14. ACV Auctions has a 52-week low of $4.07 and a 52-week high of $11.91.

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.