ACV Auctions (ACVA) Stock Price, News & Analysis

Company Overview

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. It also provides remarketing centers, which offers value-added services, such as vehicle reconditioning and storage for dealers and commercial partners. In addition, the company offers data services, including True360 report, which provides cosmetic and structural vehicle assessments integrated into vehicle history reports for dealer to make wholesale and retail transaction decisions on and off the marketplace; ACV market report provides transaction data and condition reports for comparable used vehicles, including pricing data from third-party sources and allows dealers to determine pricing and valuation strategies for used vehicles; and ACV MAX inventory management software enables dealers to manage their inventory and set pricing while turning vehicles. Further, it provides data and technology through inspection, such as condition reports, virtual lift solutions, apex device, and vehicle intelligence platform; and marketplace enablement, comprising MyACV application, private marketplaces, operations automation, live appraisals, and programmatic buying service. ACV Auctions Inc. was incorporated in 2014 and is headquartered in Buffalo, New York.

Key Stats

• Today's Range: $18.80 to $19.40
• 50-Day Range: $17.71 to $20.92
• 52-Week Range: $12.84 to $21.10
• Volume: 402,459 shs
• Average Volume: 1.21 million shs
• Market Capitalization: $3.17 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $21.57
• Consensus Rating: Moderate Buy

ACV Auctions Stock Analysis - MarketRank™

ACV Auctions scored higher than 35% of companies evaluated by MarketBeat, and ranked 28th out of 39 stocks in the consumer cyclical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ACV Auctions has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

ACV Auctions has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for ACV Auctions are expected to grow in the coming year, from ($0.35) to $0.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ACV Auctions is -40.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of ACV Auctions is -40.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

ACV Auctions has a P/B Ratio of 6.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.12% of the float of ACV Auctions has been sold short.

Short Interest Ratio / Days to Cover

ACV Auctions has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in ACV Auctions has recently decreased by 4.33%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ACV Auctions does not currently pay a dividend.

Dividend Growth

ACV Auctions does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.12% of the float of ACV Auctions has been sold short.

Short Interest Ratio / Days to Cover

ACV Auctions has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in ACV Auctions has recently decreased by 4.33%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.55

News Sentiment

ACV Auctions has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.36 average news sentiment score of Consumer Cyclical companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for ACV Auctions this week, compared to 4 articles on an average week.

Search Interest

Only 3 people have searched for ACVA on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, ACV Auctions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,285,765.00 in company stock.

Percentage Held by Insiders

Only 8.50% of the stock of ACV Auctions is held by insiders.

Percentage Held by Institutions

88.55% of the stock of ACV Auctions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ACVA Stock Analysis - Frequently Asked Questions

How have ACVA shares performed this year?

ACV Auctions' stock was trading at $15.15 at the beginning of 2024. Since then, ACVA shares have increased by 26.7% and is now trading at $19.20.
View the best growth stocks for 2024 here.

How were ACV Auctions' earnings last quarter?

ACV Auctions Inc. (NASDAQ:ACVA) issued its quarterly earnings results on Wednesday, August, 7th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.02. The firm earned $160.62 million during the quarter, compared to analyst estimates of $156.33 million. ACV Auctions had a negative trailing twelve-month return on equity of 13.20% and a negative net margin of 14.53%.

When did ACV Auctions IPO?

ACV Auctions (ACVA) raised $315 million in an IPO on Wednesday, March 24th 2021. The company issued 16,600,000 shares at a price of $18.00-$20.00 per share. Goldman Sachs, J.P. Morgan, Citigroup, BofA Securities, Jefferies, Canaccord Genuity, Guggenheim Securities, JMP Securities, Piper Sandler and Raymond James acted as the underwriters for the IPO.

Who are ACV Auctions' major shareholders?

ACV Auctions' top institutional investors include Essex Investment Management Co. LLC (0.09%), CWM LLC (0.07%), SG Americas Securities LLC (0.03%) and Creative Planning (0.02%). Insiders that own company stock include Bessemer Venture Partners Ix L, George Chamoun, William Zerella, Vikas Mehta, Michael Waterman, Craig Eric Anderson, Robert P Goodman, Andrew Peer and Brian Hirsch.
View institutional ownership trends.

How do I buy shares of ACV Auctions?

Shares of ACVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ACV Auctions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ACV Auctions investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Cyclical
• Industry: Auto & Truck Dealerships
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:ACVA
• CUSIP: N/A
• CIK: 1637873
• Web: www.acvauctions.com
• Phone: 800-553-4070
• Fax: N/A
• Employees: 2,170
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $21.57
• High Stock Price Target: $24.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +12.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.48)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-75,260,000.00
• Net Margins: -14.53%
• Pretax Margin: -14.40%
• Return on Equity: -13.20%
• Return on Assets: -6.17%

Debt

• Debt-to-Equity Ratio: 0.24
• Current Ratio: 1.49
• Quick Ratio: 1.49

Sales & Book Value

• Annual Sales: $543.70 million
• Price / Sales: 5.83
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.82 per share
• Price / Book: 6.81

Miscellaneous

• Outstanding Shares: 165,088,000
• Free Float: 152,427,000
• Market Cap: $3.17 billion
• Optionable: Optionable
• Beta: 1.56