ACV Auctions (ACVA) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ACV Auctions in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ACVA shares.
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11 Wall Street research analysts have issued 12 month price targets for ACV Auctions' shares. Their ACVA share price forecasts range from $12.00 to $23.00. On average, they predict the company's share price to reach $19.07 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
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ACV Auctions' stock was trading at $8.21 at the beginning of the year. Since then, ACVA stock has increased by 85.1% and is now trading at $15.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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ACV Auctions Inc. (NASDAQ:ACVA) released its quarterly earnings data on Monday, August, 7th. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.06. The company had revenue of $124.22 million for the quarter, compared to analysts' expectations of $119.44 million. ACV Auctions had a negative trailing twelve-month return on equity of 16.17% and a negative net margin of 18.33%.

ETFs with the largest weight of ACV Auctions (NASDAQ:ACVA) stock in their portfolio include Global X E-Commerce ETF (EBIZ) and Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ).WisdomTree Growth Leaders Fund (PLAT).

ACV Auctions updated its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $115.00 million-$119.00 million, compared to the consensus revenue estimate of $118.57 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 a variety of institutional and retail investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (8.34%), BlackRock Inc. (5.51%), Alliancebernstein L.P. (3.19%), William Blair Investment Management LLC (2.52%), JPMorgan Chase & Co. (2.47%) and Candlestick Capital Management LP (2.36%). 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 $15.20.

ACV Auctions (NASDAQ:ACVA) has a market capitalization of $2.44 billion and generates $421.53 million in revenue each year. The company earns $-102,190,000.00 in net income (profit) each year or ($0.52) 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.