ACV Auctions Inc. (NYSE:ACVA) Given Consensus Recommendation of "Reduce" by Brokerages

ACV Auctions Inc. (NYSE:ACVA - Get Free Report) has been assigned a consensus rating of "Reduce" from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company.Several research firms recently commented on ACVA. Weiss Ratings reissued a "sell (e+)" rating on shares of ACV Auctions in a report on Monday. Zacks Research downgraded ACV Auctions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 12th. Barclays upgraded ACV Auctions to a "hold" rating in a research note on Tuesday, November 11th. Jefferies Financial Group lowered shares of ACV Auctions from a "strong-buy" rating to a "hold" rating and set a $9.00 price target on the stock. in a research note on Thursday. Finally, Barrington Research downgraded shares of ACV Auctions from an "outperform" rating to a "hold" rating in a research report on Thursday, November 6th.Read Our Latest Analysis on ACVAACV Auctions Price PerformanceNYSE ACVA opened at $8.11 on Friday. The firm has a market capitalization of $1.40 billion, a P/E ratio of -18.86 and a beta of 1.64. ACV Auctions has a 1 year low of $4.95 and a 1 year high of $22.47. The firm's fifty day simple moving average is $8.01. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.51. ACV Auctions (NYSE:ACVA - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.10). ACV Auctions had a negative net margin of 9.89% and a negative return on equity of 7.95%. The company had revenue of $199.56 million during the quarter. About ACV Auctions (Get Free Report)ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. It also provides data services that offer insights into the condition and value of used vehicles, as well as offers customer financing services. ACV Auctions Inc was incorporated in 2014 and is headquartered in Buffalo, New York.Recommended StoriesFive stocks we like better than ACV AuctionsWhy Are Stock Sectors Important to Successful Investing?Dividend Powerhouses: 3 Blue-Chip Stocks Built for the Long HaulValue Investing: Is it a Good Strategy in 2022? Hint: Always3 Recently Downgraded Stocks to Avoid in 2026About the Markup CalculatorThe Chip Boom Is Back: 3 Stocks Positioned for Huge GainsThis 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.Should You Invest $1,000 in ACV Auctions Right Now?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 Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here