ACV Auctions Inc. (NASDAQ:ACVA - Get Free Report) CFO William Zerella sold 15,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $13.53, for a total value of $202,950.00. Following the completion of the sale, the chief financial officer now directly owns 766,266 shares in the company, valued at $10,367,578.98. This trade represents a 1.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
William Zerella also recently made the following trade(s):
- On Tuesday, January 7th, William Zerella sold 15,000 shares of ACV Auctions stock. The shares were sold at an average price of $20.57, for a total value of $308,550.00.
- On Monday, December 30th, William Zerella sold 32,500 shares of ACV Auctions stock. The shares were sold at an average price of $21.65, for a total value of $703,625.00.
ACV Auctions Stock Performance
NASDAQ:ACVA traded up $0.30 during midday trading on Monday, reaching $14.61. 938,909 shares of the company traded hands, compared to its average volume of 1,337,981. ACV Auctions Inc. has a twelve month low of $12.77 and a twelve month high of $23.46. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -29.70 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 1.56. The company has a fifty day moving average price of $19.25 and a 200 day moving average price of $19.84.
ACV Auctions (NASDAQ:ACVA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01. The firm had revenue of $159.51 million for the quarter, compared to the consensus estimate of $156.77 million. ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%. On average, analysts expect that ACV Auctions Inc. will post -0.07 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on ACVA shares. Citigroup raised their price target on ACV Auctions from $22.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. JMP Securities restated a "market outperform" rating and issued a $25.00 price objective on shares of ACV Auctions in a report on Monday, December 16th. B. Riley raised their price objective on ACV Auctions from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Bank of America upgraded ACV Auctions from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $22.00 to $20.00 in a report on Wednesday, March 12th. Finally, Needham & Company LLC restated a "buy" rating and issued a $25.00 price objective on shares of ACV Auctions in a report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.05.
Get Our Latest Research Report on ACV Auctions
Institutional Trading of ACV Auctions
Several hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of ACV Auctions by 65.8% in the 4th quarter. Blue Trust Inc. now owns 2,352 shares of the company's stock worth $48,000 after buying an additional 933 shares in the last quarter. KBC Group NV raised its stake in shares of ACV Auctions by 80.4% in the 4th quarter. KBC Group NV now owns 7,406 shares of the company's stock worth $160,000 after buying an additional 3,300 shares in the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of ACV Auctions during the fourth quarter worth $200,000. Verdence Capital Advisors LLC acquired a new stake in shares of ACV Auctions during the third quarter worth $206,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of ACV Auctions during the fourth quarter worth $206,000. Institutional investors own 88.55% of the company's stock.
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. 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.
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