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

Shares of ACV Auctions Inc. (NYSE:ACVA) have received a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.1364.

Several research firms have weighed in on ACVA. Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a report on Wednesday, June 24th. Stephens upgraded ACV Auctions to a “hold” rating in a report on Monday, June 1st. Finally, Barrington Research lowered ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 price target on the stock. in a research report on Monday, June 1st.

ACV Auctions Price Performance

Shares of ACVA stock opened at $7.04 on Thursday. ACV Auctions has a 12-month low of $4.07 and a 12-month high of $16.75. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -20.13 and a beta of 1.82. 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 fifty day moving average of $6.23 and a 200-day moving average of $6.32.

Institutional Trading of ACV Auctions

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of ACV Auctions in the fourth quarter valued at approximately $392,000. Royal Bank of Canada lifted its position in ACV Auctions by 14.3% in the 1st quarter. Royal Bank of Canada now owns 83,187 shares of the company’s stock valued at $1,173,000 after acquiring an additional 10,382 shares in the last quarter. AQR Capital Management LLC bought a new stake in ACV Auctions in the 1st quarter valued at $197,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ACV Auctions by 19.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 188,904 shares of the company’s stock worth $2,662,000 after purchasing an additional 30,299 shares during the period. Finally, Millennium Management LLC boosted its stake in ACV Auctions by 35.7% in the 1st quarter. Millennium Management LLC now owns 728,697 shares of the company’s stock worth $10,267,000 after purchasing an additional 191,883 shares during the period. 88.55% of the stock is currently owned by institutional investors and hedge funds.

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.