ACV Auctions (NASDAQ:ACVA - Get Free Report) issued 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. The firm had revenue of $159.51 million during the quarter, compared to analysts' expectations of $156.77 million. ACV Auctions had a negative net margin of 12.51% and a negative return on equity of 12.94%. ACV Auctions updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.
ACV Auctions Stock Performance
Shares of NASDAQ:ACVA traded down $0.96 during midday trading on Friday, reaching $17.63. The company had a trading volume of 3,568,249 shares, compared to its average volume of 1,548,884. The stock has a market cap of $2.96 billion, a P/E ratio of -35.98 and a beta of 1.69. The company's 50 day moving average price is $21.17 and its 200 day moving average price is $20.21. The company has a current ratio of 1.56, a quick ratio of 1.51 and a debt-to-equity ratio of 0.28. ACV Auctions has a 52-week low of $14.76 and a 52-week high of $23.46.
Wall Street Analyst Weigh In
ACVA has been the subject of a number of analyst reports. Citigroup lifted their price target on ACV Auctions from $22.00 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Barrington Research reiterated an "outperform" rating and set a $23.00 price target on shares of ACV Auctions in a report on Monday, November 4th. B. Riley raised their price objective on ACV Auctions from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Stephens raised shares of ACV Auctions to a "hold" rating in a report on Saturday, February 1st. Finally, Piper Sandler increased their target price on shares of ACV Auctions from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.35.
View Our Latest Stock Analysis on ACVA
Insider Buying and Selling
In other ACV Auctions news, CFO William Zerella sold 32,500 shares of the firm's stock in a transaction on Monday, December 30th. The stock was 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. This trade represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Waterman sold 15,000 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $20.27, for a total value of $304,050.00. Following the completion of the sale, the insider now owns 311,354 shares in the company, valued at approximately $6,311,145.58. The trade was a 4.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,162 shares of company stock worth $2,663,776. Insiders own 8.50% of the company's stock.
ACV Auctions Company Profile
(
Get Free Report)
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.
See Also
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
