Analysts Set ACV Auctions Inc. (NYSE:ACVA) PT at $9.00

ACV Auctions Inc. (NYSE:ACVA) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $9.00.

A number of research analysts recently commented on ACVA shares. Barrington Research raised shares of ACV Auctions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Zacks Research cut shares of ACV Auctions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Wall Street Zen raised shares of ACV Auctions from a “sell” rating to a “hold” rating in a research note on Sunday, February 1st. Barclays raised ACV Auctions to a “hold” rating in a research report on Tuesday, November 11th. Finally, 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 report on Thursday, December 11th.

ACV Auctions Stock Performance

ACV Auctions stock opened at $4.87 on Wednesday. The firm’s 50 day simple moving average is $7.65 and its 200-day simple moving average is $8.60. The company has a market cap of $847.73 million, a P/E ratio of -12.82 and a beta of 1.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 1.60. ACV Auctions has a fifty-two week low of $4.45 and a fifty-two week high of $17.54.

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.