NASDAQ:ACVA ACV Auctions (ACVA) Stock Forecast, Price & News $17.59 -0.67 (-3.67%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$17.46▼$18.5950-Day Range$11.77▼$18.2652-Week Range$6.10▼$18.59Volume1.38 million shsAverage Volume1.24 million shsMarket Capitalization$2.81 billionP/E RatioN/ADividend YieldN/APrice Target$15.45 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media ACV Auctions MarketRank™ ForecastAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside9.6% Downside$15.91 Price TargetShort InterestHealthy6.56% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.11Based on 11 Articles This WeekInsider TradingSelling Shares$69.15 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.54) to ($0.24) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.54 out of 5 starsRetail/Wholesale Sector172nd out of 209 stocksBusiness Services, Not Elsewhere Classified Industry77th out of 89 stocks 1.3 Analyst's Opinion Consensus RatingACV Auctions has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.91, ACV Auctions has a forecasted downside of 9.6% from its current price of $17.59.Amount of Analyst CoverageACV Auctions has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.56% of the float of ACV Auctions has been sold short.Short Interest Ratio / Days to CoverACV Auctions has a short interest ratio ("days to cover") of 6.2.Change versus previous monthShort interest in ACV Auctions has recently decreased by 8.53%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldACV Auctions does not currently pay a dividend.Dividend GrowthACV Auctions does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ACVA. Previous Next 2.3 News and Social Media Coverage News SentimentACV Auctions has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 11 news articles for ACV Auctions this week, compared to 3 articles on an average week.Search InterestOnly 8 people have searched for ACVA on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.MarketBeat Follows8 people have added ACV Auctions to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ACV Auctions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $69,148,703.00 in company stock.Percentage Held by Insiders11.64% of the stock of ACV Auctions is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions69.75% of the stock of ACV Auctions is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for ACV Auctions are expected to grow in the coming year, from ($0.54) to ($0.24) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ACV Auctions is -30.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of ACV Auctions is -30.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioACV Auctions has a P/B Ratio of 5.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About ACV Auctions (NASDAQ:ACVA) StockACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. It also provides data services that offer insights into the condition and value of used vehicles, as well as offers customer financing services. ACV Auctions Inc. was incorporated in 2014 and is headquartered in Buffalo, New York.Read More Receive ACVA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ACV Auctions and its competitors with MarketBeat's FREE daily newsletter. Email Address ACVA Stock News HeadlinesJune 9, 2023 | americanbankingnews.comACV Auctions (NASDAQ:ACVA) Price Target Raised to $23.00 at Barrington ResearchJune 8, 2023 | finance.yahoo.comACV’s 2023 Analyst Day Showcases Latest Data & Technology InnovationsJune 9, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 8, 2023 | americanbankingnews.comACV Auctions Inc. (NASDAQ:ACVA) Receives $15.45 Consensus PT from AnalystsJune 7, 2023 | msn.comBarrington Research Maintains ACV Auctions Inc - (ACVA) Prior RecommendationJune 6, 2023 | markets.businessinsider.comBarrington Issues a Buy Rating on ACV Auctions (ACVA)June 4, 2023 | americanbankingnews.comCitigroup Increases ACV Auctions (NASDAQ:ACVA) Price Target to $23.00June 3, 2023 | msn.comNeedham Reiterates ACV Auctions Inc - (ACVA) Buy RecommendationJune 9, 2023 | Legacy Research (Affiliate) (Ad)“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin$100 is all you need… Former Goldman Sachs managing director Dr. Nomi Prins has identified an investment she’s calling ‘the world’s hardest asset’ – and she’s recommending it to friends, family, and followers.June 2, 2023 | markets.businessinsider.comNeedham Remains a Buy on ACV Auctions (ACVA)May 31, 2023 | americanbankingnews.comACV Auctions Inc. (NASDAQ:ACVA) Sees Significant Drop in Short InterestMay 30, 2023 | msn.comB of A Securities Maintains ACV Auctions Inc - (ACVA) Buy RecommendationMay 30, 2023 | markets.businessinsider.comBank of America Securities Sticks to Their Buy Rating for ACV Auctions (ACVA)May 30, 2023 | americanbankingnews.comBank of America Increases ACV Auctions (NASDAQ:ACVA) Price Target to $18.00May 29, 2023 | americanbankingnews.comInsider Selling: ACV Auctions Inc. (NASDAQ:ACVA) Director Sells $634,349.22 in StockMay 20, 2023 | americanbankingnews.comACV Auctions (NASDAQ:ACVA) PT Raised to $18.00May 20, 2023 | americanbankingnews.comInsider Selling: ACV Auctions Inc. (NASDAQ:ACVA) CFO Sells $1,096,875.00 in StockMay 20, 2023 | americanbankingnews.comACV Auctions (NASDAQ:ACVA) Hits New 12-Month High on Analyst UpgradeMay 18, 2023 | msn.comBarrington Research Maintains ACV Auctions Inc - (ACVA) Outperform RecommendationMay 17, 2023 | markets.businessinsider.comBarrington Remains a Buy on ACV Auctions (ACVA)May 17, 2023 | americanbankingnews.comRobert P. Goodman Sells 238,643 Shares of ACV Auctions Inc. (NASDAQ:ACVA) StockMay 17, 2023 | americanbankingnews.comBessemer Venture Partners Ix L Sells 3,000,000 Shares of ACV Auctions Inc. (NASDAQ:ACVA) StockMay 17, 2023 | americanbankingnews.comACV Auctions (NASDAQ:ACVA) Price Target Raised to $18.00May 15, 2023 | americanbankingnews.comCitigroup Raises ACV Auctions (NASDAQ:ACVA) Price Target to $19.00May 14, 2023 | americanbankingnews.comBrokerages Set ACV Auctions Inc. (NASDAQ:ACVA) PT at $13.55May 13, 2023 | americanbankingnews.comACV Auctions (NASDAQ:ACVA) Reaches New 1-Year High on Analyst UpgradeMay 12, 2023 | msn.comCitigroup Maintains ACV Auctions Inc - (ACVA) Buy RecommendationSee More Headlines ACVA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ACVA Company Calendar Last Earnings11/09/2021Today6/09/2023Next Earnings (Estimated)8/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Business services, not elsewhere classified Sub-IndustryN/A SectorRetail/Wholesale Current SymbolNASDAQ:ACVA CUSIPN/A CIK1637873 Webwww.acvauctions.com Phone800-553-4070FaxN/AEmployees2,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.91 High Stock Price Forecast$23.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside-14.3%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($0.58) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-102,190,000.00 Net Margins-20.75% Pretax Margin-20.70% Return on Equity-16.03% Return on Assets-8.39% Debt Debt-to-Equity Ratio0.20 Current Ratio2.01 Quick Ratio2.01 Sales & Book Value Annual Sales$421.53 million Price / Sales6.84 Cash FlowN/A Price / Cash FlowN/A Book Value$3.07 per share Price / Book5.88Miscellaneous Outstanding Shares159,740,000Free Float141,142,000Market Cap$2.88 billion OptionableNot Optionable Beta1.41 Key ExecutivesMr. George G. Chamoun (Age 48)CEO & Director Comp: $824kMr. Vikas Mehta (Age 47)Chief Operating Officer Comp: $656.3kMr. Michael Waterman (Age 54)Chief Sales Officer Comp: $586.48kMr. Joseph NeimanFounder & Chief Customer Success OfficerMr. William R. Zerella (Age 66)Chief Financial Officer Mr. Bahman Koohestani (Age 61)Chief Technology Officer Mr. Timothy M. FoxVP of Investor RelationsMs. Leanne Fitzgerald (Age 57)Chief Legal Officer & Sec. Ms. Maura DugganAssociate Director of CommunicationsMr. Craig Eric Anderson (Age 46)Chief Corp. Devel. & Strategy Officer More ExecutivesKey CompetitorsFarfetchNYSE:FTCHFiverr InternationalNYSE:FVRRErmenegildo ZegnaNYSE:ZGNUrban OutfittersNASDAQ:URBNShake ShackNYSE:SHAKView All CompetitorsInsiders & InstitutionsBessemer Venture Partners Ix LSold 342,236 sharesTotal: $6.24 M ($18.22/share)Bessemer Venture Partners Ix LSold 295,891 sharesTotal: $5.33 M ($18.02/share)ProShare Advisors LLCSold 1,293 shares on 5/26/2023Ownership: 0.009%Brandywine Global Investment Management LLCSold 91,968 shares on 5/25/2023Ownership: 0.486%Kirsten CastilloSold 36,583 sharesTotal: $634,349.22 ($17.34/share)View All Insider TransactionsView All Institutional Transactions ACVA Stock - Frequently Asked Questions Should I buy or sell ACV Auctions stock right now? 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. View ACVA analyst ratings or view top-rated stocks. What is ACV Auctions' stock price forecast for 2023? 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%. View analysts price targets for ACVA or view top-rated stocks among Wall Street analysts. How have ACVA shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting ACV Auctions? 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. View ACV Auctions' Short Interest. When is ACV Auctions' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023. View our ACVA earnings forecast. How were ACV Auctions' earnings last quarter? 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%. What ETFs hold ACV Auctions' stock? 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). What guidance has ACV Auctions issued on next quarter's earnings? 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. When did ACV Auctions IPO? (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. What is ACV Auctions' stock symbol? ACV Auctions trades on the NASDAQ under the ticker symbol "ACVA." Who are ACV Auctions' major shareholders? 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. View institutional ownership trends. How do I buy shares of ACV Auctions? 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. Compare Top Brokerages Here. What is ACV Auctions' stock price today? One share of ACVA stock can currently be purchased for approximately $18.04. How much money does ACV Auctions make? 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. How many employees does ACV Auctions have? The company employs 2,000 workers across the globe. How can I contact ACV Auctions? 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. 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