ACV Auctions (NASDAQ:ACVA) Releases Earnings Results

Key Points

• ACV Auctions reported a loss of $0.04 earnings per share for the quarter, missing analysts' estimates of $0.07.
• The company's revenue increased by 20.6% year-over-year, despite a negative net margin of 12.51% and return on equity of -12.94%.
• Shares of ACV Auctions have decreased by 2.1%, trading at $13.33, with a market cap of $2.28 billion and a PE ratio of -27.20.

ACV Auctions (NASDAQ:ACVA - Get Free Report) issued its earnings results on Monday. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.11), Briefing.com reports. ACV Auctions had a negative net margin of 12.51% and a negative return on equity of 12.94%. The business's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the company posted $0.02 earnings per share. ACV Auctions updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

ACV Auctions Stock Down 2.1%

NASDAQ ACVA traded down $0.29 during midday trading on Monday, hitting $13.33. 2,071,884 shares of the company traded hands, compared to its average volume of 2,041,489. 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 market cap of $2.28 billion, a PE ratio of -27.20 and a beta of 1.69. The company's 50-day simple moving average is $15.56 and its 200-day simple moving average is $16.15. ACV Auctions has a 52 week low of $11.88 and a 52 week high of $23.46.

Analyst Ratings Changes

Several research firms recently weighed in on ACVA. Citigroup cut their price objective on ACV Auctions from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Monday, July 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of ACV Auctions in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on ACV Auctions from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Finally, JMP Securities lifted their target price on ACV Auctions from $18.00 to $20.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.05.

Insiders Place Their Bets

In related news, insider Craig Eric Anderson sold 15,000 shares of ACV Auctions stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total value of $225,600.00. Following the completion of the transaction, the insider owned 340,799 shares in the company, valued at $5,125,616.96. The trade was a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Waterman sold 34,339 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $16.05, for a total value of $551,140.95. Following the sale, the insider owned 379,957 shares of the company's stock, valued at approximately $6,098,309.85. This trade represents a 8.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 272,669 shares of company stock valued at $4,573,351 in the last three months. Insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new position in ACV Auctions in the first quarter valued at approximately $197,000. Brighton Jones LLC acquired a new position in ACV Auctions in the fourth quarter valued at approximately $392,000. Royal Bank of Canada lifted its holdings in ACV Auctions by 14.3% in the first quarter. Royal Bank of Canada now owns 83,187 shares of the company's stock valued at $1,173,000 after acquiring an additional 10,382 shares during the last quarter. Intech Investment Management LLC lifted its holdings in ACV Auctions by 54.8% in the first quarter. Intech Investment Management LLC now owns 96,559 shares of the company's stock valued at $1,361,000 after acquiring an additional 34,164 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ACV Auctions by 19.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 188,904 shares of the company's stock valued at $2,662,000 after acquiring an additional 30,299 shares during the last quarter. 88.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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