ACV Auctions (NASDAQ:ACVA) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

ACV Auctions (NASDAQ:ACVA - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01, Zacks reports. ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%. The company had revenue of $159.51 million during the quarter, compared to analysts' expectations of $156.77 million. ACV Auctions updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

ACV Auctions Trading Down 5.2 %

Shares of NASDAQ:ACVA traded down $0.96 during midday trading on Friday, hitting $17.63. 3,568,249 shares of the stock were exchanged, compared to its average volume of 1,548,884. The business's 50-day moving average price is $21.17 and its 200 day moving average price is $20.21. ACV Auctions has a 12 month low of $14.76 and a 12 month high of $23.46. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.51 and a current ratio of 1.56. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -35.98 and a beta of 1.69.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JMP Securities restated a "market outperform" rating and issued a $25.00 price target on shares of ACV Auctions in a research note on Monday, December 16th. B. Riley raised their target price on ACV Auctions from $24.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Piper Sandler boosted their price target on ACV Auctions from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Barrington Research reaffirmed an "outperform" rating and issued a $23.00 price objective on shares of ACV Auctions in a research note on Monday, November 4th. Finally, Stephens upgraded ACV Auctions to a "hold" rating in a research report on Saturday, February 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, ACV Auctions currently has a consensus rating of "Moderate Buy" and an average target price of $23.35.

Insider Buying and Selling

In other ACV Auctions news, insider Michael Waterman sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $20.27, for a total value of $304,050.00. Following the transaction, the insider now directly owns 311,354 shares of the company's stock, valued at approximately $6,311,145.58. The trade was a 4.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William Zerella sold 32,500 shares of the business's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $21.65, for a total value of $703,625.00. Following the completion of the sale, the chief financial officer now directly owns 490,482 shares of the company's stock, valued at $10,618,935.30. The trade was a 6.21 % decrease in their ownership of the stock. 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 in the last ninety days. Company insiders own 8.50% of the company's stock.

ACV Auctions Company Profile

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.