ACV Auctions Inc. (NYSE:ACVA - Get Free Report) has earned an average recommendation of "Hold" from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $9.70.
A number of equities research analysts have commented on ACVA shares. Bank of America reissued an "underperform" rating on shares of ACV Auctions in a report on Tuesday, August 11th. Citigroup boosted their target price on shares of ACV Auctions from $8.50 to $10.50 and gave the stock a "neutral" rating in a research note on Monday, September 14th. Stephens raised shares of ACV Auctions from an "equal weight" rating to an "overweight" rating and set a $10.50 target price for the company in a research note on Tuesday, August 11th. Citizens Jmp lowered shares of ACV Auctions from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 11th. Finally, Needham & Company LLC cut shares of ACV Auctions from a "buy" rating to a "hold" rating in a research note on Friday, September 11th.
Read Our Latest Research Report on ACVA
ACV Auctions Stock Performance
ACV Auctions stock opened at $10.50 on Wednesday. The stock has a 50-day simple moving average of $9.66 and a 200 day simple moving average of $7.16. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.53. ACV Auctions has a 12-month low of $4.07 and a 12-month high of $10.51. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -29.17 and a beta of 1.76.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its position in ACV Auctions by 28.8% in the 2nd 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 last quarter. Sterling Capital Management LLC raised its position in shares of ACV Auctions by 200.1% during the third quarter. Sterling Capital Management LLC now owns 4,820 shares of the company's stock worth $50,000 after acquiring an additional 3,214 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of ACV Auctions during the first quarter worth $52,000. Chicago Partners Investment Group LLC acquired a new position in shares of ACV Auctions during the first quarter valued at $52,000. Finally, American Trust acquired a new position in shares of ACV Auctions during the first quarter valued at $53,000. Institutional investors own 88.55% of the company's stock.
About ACV Auctions
(
Get Free Report)
ACV Auctions Inc operates a digital marketplace for wholesale vehicle transactions. Its platform connects automotive dealers with buyers and sellers of used vehicles, enabling auctions to be conducted online rather than through traditional physical auction facilities.
The company provides tools and services intended to support the wholesale vehicle lifecycle, including online auctions, vehicle condition reports, inspections, transportation and logistics coordination, and transaction-related services.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ACV Auctions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ACV Auctions wasn't on the list.
While ACV Auctions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
