ACV Auctions (NYSE:ACVA) Sets New 12-Month Low - Time to Sell?

Key Points

• Shares hit a new 52-week low of $4.40 (last $4.388) on elevated volume and trade well below their 50‑day ($6.49) and 200‑day ($7.81) moving averages, with a market cap of roughly $749M.
• The company missed EPS estimates in the most recent quarter (reported ($0.11) vs. ($0.01) expected) despite revenue rising 15.2% year‑over‑year to $183.65M, and remains unprofitable on key margins.
• Analyst sentiment is mixed but the consensus is a Moderate Buy with a $10.45 target; meanwhile the CEO purchased 24,272 shares at $5.05 and institutional ownership sits at about 88.55%, indicating continued investor accumulation.

Shares of ACV Auctions Inc. (NYSE:ACVA - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $4.40 and last traded at $4.3880, with a volume of 194642 shares traded. The stock had previously closed at $4.61.

Wall Street Analysts Forecast Growth

ACVA has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $9.00 price target on shares of ACV Auctions in a research note on Tuesday, February 24th. Citigroup downgraded shares of ACV Auctions from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $13.00 to $7.00 in a research report on Tuesday, February 24th. The Goldman Sachs Group dropped their target price on ACV Auctions from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. Barclays cut their target price on ACV Auctions from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Monday, March 2nd. Finally, Jefferies Financial Group cut ACV Auctions from a "buy" rating to a "hold" rating and set a $9.00 price target for the company. in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, ACV Auctions currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.45.

ACV Auctions Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.60 and a current ratio of 1.60. The stock's fifty day moving average price is $6.49 and its 200-day moving average price is $7.81. The firm has a market cap of $749.20 million, a PE ratio of -11.33 and a beta of 1.69.

ACV Auctions (NYSE:ACVA - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.10). ACV Auctions had a negative return on equity of 6.17% and a negative net margin of 8.71%.The company had revenue of $183.65 million for the quarter, compared to analysts' expectations of $181.96 million. During the same period in the prior year, the firm posted ($0.16) EPS. The firm's quarterly revenue was up 15.2% on a year-over-year basis.

Insider Buying and Selling at ACV Auctions

In other news, CEO George Chamoun purchased 24,272 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average price of $5.05 per share, for a total transaction of $122,573.60. Following the acquisition, the chief executive officer directly owned 2,952,977 shares in the company, valued at approximately $14,912,533.85. The trade was a 0.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of ACV Auctions

Institutional investors have recently bought and sold shares of the company. Atreides Management LP increased its position in shares of ACV Auctions by 125.2% in the fourth quarter. Atreides Management LP now owns 12,411,800 shares of the company's stock valued at $99,543,000 after buying an additional 6,901,010 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of ACV Auctions by 301.0% in the 2nd quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company's stock worth $118,331,000 after buying an additional 5,475,874 shares in the last quarter. Sunriver Management LLC purchased a new stake in shares of ACV Auctions in the 4th quarter worth about $23,768,000. SG Capital Management LLC acquired a new stake in ACV Auctions in the 3rd quarter valued at about $17,103,000. Finally, Arvin Capital Management LP increased its holdings in ACV Auctions by 272.8% during the 4th quarter. Arvin Capital Management LP now owns 2,296,913 shares of the company's stock valued at $18,421,000 after acquiring an additional 1,680,723 shares in the last quarter. 88.55% of the stock is currently owned by hedge funds and other institutional investors.

About ACV Auctions

ACV Auctions operates a digital marketplace designed to streamline the wholesale used-vehicle auction process for independent dealerships and larger automotive groups. The platform enables dealers to participate in live, online auctions, submit real-time bids, and access guaranteed-sale programs that reduce the risk of inventory moving. By replicating the dynamics of in-lane bidding in a virtual environment, ACV Auctions connects sellers and buyers across a broad geographic footprint without the need for physical auction attendance.

In addition to its core marketplace, ACV Auctions offers a suite of software tools and data-driven services aimed at improving transparency and decision-making in the remarketing process.

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