ACV Auctions (ACVA) Expected to Announce Earnings on Wednesday

ACV Auctions (NASDAQ:ACVA - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect ACV Auctions to post earnings of ($0.15) per share and revenue of $156.60 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

ACV Auctions Price Performance

NASDAQ:ACVA remained flat at $21.59 during mid-day trading on Friday. 1,029,510 shares of the company traded hands, compared to its average volume of 1,134,398. ACV Auctions has a 1-year low of $13.66 and a 1-year high of $23.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.51. The company has a 50 day moving average price of $21.31 and a two-hundred day moving average price of $20.03. The stock has a market cap of $3.62 billion, a P/E ratio of -45.94 and a beta of 1.69.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barrington Research reissued an "outperform" rating and set a $23.00 price objective on shares of ACV Auctions in a research note on Monday, November 4th. Jefferies Financial Group upped their target price on shares of ACV Auctions from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. JMP Securities reiterated a "market outperform" rating and issued a $25.00 target price on shares of ACV Auctions in a research note on Monday, December 16th. B. Riley upped their target price on shares of ACV Auctions from $24.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Stephens upgraded shares of ACV Auctions to a "hold" rating in a research note on Saturday, February 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, ACV Auctions currently has a consensus rating of "Moderate Buy" and an average target price of $23.65.

Insider Activity at ACV Auctions

In related news, CFO William Zerella sold 32,500 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $21.65, for a total transaction of $703,625.00. Following the transaction, the chief financial officer now owns 490,482 shares in the company, valued at $10,618,935.30. This represents a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Waterman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $20.27, for a total transaction of $304,050.00. Following the transaction, the insider now owns 311,354 shares in the company, valued at approximately $6,311,145.58. This trade represents a 4.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,162 shares of company stock worth $2,663,776 over the last quarter. Company insiders own 8.50% of the company's stock.

About ACV Auctions

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company's marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green's seller assurance service for against claims related to defects in the vehicle.