ACV Auctions (NYSE:ACVA) Sees Unusually-High Trading Volume Following Analyst Upgrade

ACV Auctions Inc. (NYSE:ACVA) saw an uptick in trading volume on Tuesday after Barrington Research upgraded the stock from a hold rating to a strong-buy rating. 6,777,775 shares were traded during mid-day trading, an increase of 130% from the previous session’s volume of 2,941,170 shares.The stock last traded at $4.89 and had previously closed at $5.68.

Several other brokerages have also recently issued reports on ACVA. Zacks Research cut ACV Auctions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. CJS Securities upgraded ACV Auctions to a “strong-buy” rating in a research note on Thursday, December 11th. Jefferies Financial Group lowered ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research note on Thursday, December 11th. Wall Street Zen upgraded shares of ACV Auctions from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. Finally, Barclays upgraded shares of ACV Auctions to a “hold” rating in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ACV Auctions currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

ACV Auctions Stock Up 4.2%

The company’s 50-day moving average is $7.77 and its 200 day moving average is $8.73. The stock has a market capitalization of $809.20 million, a PE ratio of -12.37 and a beta of 1.63. The company has a current ratio of 1.60, a quick ratio of 1.62 and a debt-to-equity ratio of 0.44.

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.