ACV Auctions (ACVA) to Release Earnings on Wednesday

ACV Auctions (NASDAQ:ACVA - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect ACV Auctions to post earnings of $0.04 per share and revenue of $182.24 million for the quarter. ACV Auctions has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.

ACV Auctions (NASDAQ:ACVA - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.01. 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 the consensus estimate of $156.77 million. On average, analysts expect ACV Auctions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ACV Auctions Price Performance

Shares of NASDAQ:ACVA traded up $0.28 on Friday, reaching $15.24. 1,396,759 shares of the company were exchanged, compared to its average volume of 1,621,317. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -31.10 and a beta of 1.74. ACV Auctions has a 1-year low of $11.88 and a 1-year high of $23.46. The company has a 50-day moving average of $14.55 and a 200-day moving average of $18.57. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ACVA shares. Bank of America upgraded shares of ACV Auctions from a "neutral" rating to a "buy" rating and reduced their price target for the company from $22.00 to $20.00 in a research report on Wednesday, March 12th. Stephens raised ACV Auctions to a "hold" rating in a research note on Saturday, February 1st. JPMorgan Chase & Co. lowered their price objective on shares of ACV Auctions from $24.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Piper Sandler raised ACV Auctions from a "neutral" rating to an "overweight" rating and upped their target price for the company from $18.00 to $20.00 in a research note on Thursday, March 20th. Finally, JMP Securities dropped their price target on ACV Auctions from $22.00 to $18.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, ACV Auctions has an average rating of "Moderate Buy" and a consensus price target of $22.50.

Insider Buying and Selling at ACV Auctions

In related news, CEO George Chamoun sold 348,249 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $15.34, for a total transaction of $5,342,139.66. Following the transaction, the chief executive officer now directly owns 2,821,193 shares of the company's stock, valued at approximately $43,277,100.62. The trade was a 10.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $202,950.00. Following the completion of the transaction, the chief financial officer now owns 766,266 shares of the company's stock, valued at $10,367,578.98. This trade represents a 1.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 378,249 shares of company stock valued at $5,849,140. Company insiders own 8.50% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ACV Auctions stock. Brighton Jones LLC purchased a new position in shares of ACV Auctions Inc. (NASDAQ:ACVA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,167 shares of the company's stock, valued at approximately $392,000. Institutional investors own 88.55% 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.