ACV Auctions (ACVA) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ACV Auctions in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ACVA shares.
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6 brokerages have issued 1-year target prices for ACV Auctions' stock. Their ACVA share price forecasts range from $11.00 to $23.00. On average, they predict the company's share price to reach $15.91 in the next year. This suggests that the stock has a possible downside of 11.8%.
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ACV Auctions' stock was trading at $8.21 at the beginning of 2023. Since then, ACVA shares have increased by 119.7% and is now trading at $18.04.
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ACV Auctions saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 8,260,000 shares, a decline of 8.5% from the April 30th total of 9,030,000 shares. Based on an average trading volume of 1,340,000 shares, the days-to-cover ratio is presently 6.2 days. Approximately 6.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
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ACV Auctions Inc. (NASDAQ:ACVA) released its quarterly earnings data on Tuesday, November, 9th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.01. The firm had revenue of $91.80 million for the quarter, compared to the consensus estimate of $88.03 million. ACV Auctions had a negative net margin of 20.75% and a negative trailing twelve-month return on equity of 16.03%.

ETFs with the largest weight of ACV Auctions (NASDAQ:ACVA) stock in their portfolio include WisdomTree Growth Leaders Fund (PLAT), Invesco DWA SmallCap Momentum ETF (DWAS) and Fidelity Growth Opportunities ETF (FGRO).Fidelity Blue Chip Growth ETF (FBCG).

ACV Auctions updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $117.00 million-$120.00 million, compared to the consensus revenue estimate of $118.95 million.

(ACVA) raised $315 million in an initial public offering on Wednesday, March 24th 2021. The company issued 16,600,000 shares at $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 served as the underwriters for the IPO.

ACV Auctions trades on the NASDAQ under the ticker symbol "ACVA."

ACV Auctions' stock is owned by many different institutional and retail investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (10.33%), FMR LLC (7.48%), Atreides Management LP (6.46%), BlackRock Inc. (5.06%), JPMorgan Chase & Co. (2.72%) and William Blair Investment Management LLC (2.46%). Insiders that own company stock include Bessemer Venture Partners Ix L, Brian Hirsch, Craig Eric Anderson, George Chamoun, Kirsten Castillo, Michael Waterman, Robert P Goodman, Vikas Mehta and William Zerella.
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Shares of ACVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACVA stock can currently be purchased for approximately $18.04.

ACV Auctions (NASDAQ:ACVA) has a market capitalization of $2.88 billion and generates $421.53 million in revenue each year. The company earns $-102,190,000.00 in net income (profit) each year or ($0.58) on an earnings per share basis.

The company employs 2,000 workers across the globe.

ACV Auctions' mailing address is 640 ELLICOTT STREET SUITE 321, BUFFALO NY, 14203. The official website for the company is www.acvauctions.com. The company can be reached via phone at 800-553-4070 or via email at acvauctionsir@icrinc.com.