ACV Auctions Receives ‘Moderate Buy’ Rating from Brokerages

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ACV ($NASDAQ:ACVA) Auctions Inc., a leading automotive marketplace, has recently received a “Moderate Buy” rating from brokerages. This is the average rating given to ACV Auctions Inc.’s stock from a number of independent research firms and other financial institutions. The company allows users to list, bid, and negotiate all aspects of the car buying process on a single platform. With their innovative technology, they have become the largest automotive marketplace in the United States.

This Moderate Buy rating from brokerages is an indication that ACV Auctions Inc. is a safe and attractive investment option for investors. Since its founding, the company has made significant strides in the automotive industry and continues to be a leader in providing easy access to quality cars at fair prices.

Price History

ACV Auctions Inc. received a ‘Moderate Buy’ rating from brokerages on Wednesday. The stock opened at $14.9 and closed at $14.6, a decrease of 1.6% from the previous closing price. This rating has received mixed views from the market, as some investors have taken a more cautious approach in light of the current market conditions.

Overall, the rating is a sign of confidence from brokerages in ACV Auctions’ ability to navigate the current market and continue to operate with strength and stability. Going forward, investors should closely monitor the company’s progress and performance to stay informed of any potential changes. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Acv Auctions. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Acv Auctions. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Acv Auctions. More…

Key Ratios Snapshot

Some of the financial key ratios for Acv Auctions are shown below. More…

Analysis

GoodWhale has conducted an analysis of ACV AUCTIONS‘s financials and determined that the company is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. According to our Star Chart, ACV AUCTIONS is strong in asset, growth, and weak in dividend, profitability. Our analysis also reveals that ACV AUCTIONS has a high health score of 8/10 with regard to its cashflows and debt, meaning it is capable to pay off debt and fund future operations. Given its strong asset and growth qualities, ACV AUCTIONS may be attractive to investors looking for capital appreciation, such as venture capitalists, private equity firms, or individual high-net-worth investors who are comfortable with taking on higher levels of risk. These investors are likely accustomed to managing volatile investments and have the expertise to properly assess the potential of the company and its various opportunities. Furthermore, investors who specialize in the automotive space may also be drawn to ACV AUCTIONS given the firm’s focus in this market. More…

Peers

ACV Auctions Inc offers a suite of mobile apps and web-based solutions that enable dealerships to buy and sell vehicles from their inventory, as well as conduct mobile vehicle inspections. ACV Auctions Inc competes with ImageWare Systems Inc, Yext Inc, and Matterport Inc.

– ImageWare Systems Inc ($OTCPK:IWSY)

ImageWare Systems Inc is a biometrics company that provides authentication solutions for law enforcement, military, and commercial applications. The company has a market cap of $34.8 million and a return on equity of -72.0%. ImageWare Systems Inc is a publicly traded company on the NasdaqGS exchange under the ticker symbol IWSY.

– Yext Inc ($NYSE:YEXT)

Yext Inc is a publicly traded technology company headquartered in New York City. The company provides a platform that helps businesses manage their online information. Yext’s platform includes a listing management service, review monitoring and management tools, and a suite of marketing automation tools. Yext went public in 2017 and trades on the New York Stock Exchange under the ticker symbol YEXT.

As of 2022, Yext Inc has a market cap of 625.82M and a Return on Equity of -36.68%. Yext Inc provides a platform that helps businesses manage their online information. Yext’s platform includes a listing management service, review monitoring and management tools, and a suite of marketing automation tools.

– Matterport Inc ($NASDAQ:MTTR)

Matterport Inc is a three-dimensional imaging company that creates immersive virtual experiences of real-world places. It offers a platform that enables users to capture, edit, and share 3D models of physical spaces. The company serves customers in a variety of industries, including real estate, hospitality, education, construction, and insurance.

Matterport’s market cap is $744.91M as of 2022. The company has a Return on Equity of -31.08%.

Summary

ACV Auctions Inc. is a technology-enabled online wholesale vehicle marketplace that connects buyers and sellers of used vehicles in North America. It has been rated “Moderate Buy” by brokerages, indicating that it is a good stock to buy at the current price. Analysts suggest that the company has strong fundamentals, with good revenue growth and increasing market share. Its long-term prospects are also positive, with rising demand for used vehicles in the US and Canada.

Its technology platform and unique approach to the used car market have been praised by investors and analysts alike. The company is well-positioned to benefit from the growth of online sales of used vehicles. Investors may also find ACV an attractive investment opportunity in light of its low valuation and favorable industry growth prospects.