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NASDAQ:ACVA

ACV Auctions (ACVA) Stock Forecast, Price & News

$17.59
-0.67 (-3.67%)
(As of 06/9/2023 ET)
Compare
Today's Range
$17.46
$18.59
50-Day Range
$11.77
$18.26
52-Week Range
$6.10
$18.59
Volume
1.38 million shs
Average Volume
1.24 million shs
Market Capitalization
$2.81 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.45

ACV Auctions MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
9.6% Downside
$15.91 Price Target
Short Interest
Healthy
6.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.11mentions of ACV Auctions in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$69.15 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.54) to ($0.24) Per Share

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 stars

Retail/Wholesale Sector

172nd out of 209 stocks

Business Services, Not Elsewhere Classified Industry

77th out of 89 stocks


ACVA stock logo

About ACV Auctions (NASDAQ:ACVA) Stock

ACV 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.

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ACVA Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS 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!
Barrington Issues a Buy Rating on ACV Auctions (ACVA)
“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.
Needham Remains a Buy on ACV Auctions (ACVA)
ACV Auctions (NASDAQ:ACVA) PT Raised to $18.00
Barrington Remains a Buy on ACV Auctions (ACVA)
ACV Auctions (NASDAQ:ACVA) Price Target Raised to $18.00
Brokerages Set ACV Auctions Inc. (NASDAQ:ACVA) PT at $13.55
See More Headlines

ACVA Price History

ACVA Company Calendar

Last Earnings
11/09/2021
Today
6/09/2023
Next Earnings (Estimated)
8/09/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:ACVA
Fax
N/A
Employees
2,000
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
6 Analysts

Profitability

Net Income
$-102,190,000.00
Pretax Margin
-20.70%

Debt

Sales & Book Value

Annual Sales
$421.53 million
Book Value
$3.07 per share

Miscellaneous

Free Float
141,142,000
Market Cap
$2.88 billion
Optionable
Not Optionable
Beta
1.41

Key Executives

  • Mr. George G. Chamoun (Age 48)
    CEO & Director
    Comp: $824k
  • Mr. Vikas Mehta (Age 47)
    Chief Operating Officer
    Comp: $656.3k
  • Mr. Michael  WatermanMr. Michael Waterman (Age 54)
    Chief Sales Officer
    Comp: $586.48k
  • Mr. Joseph Neiman
    Founder & Chief Customer Success Officer
  • Mr. William R. Zerella (Age 66)
    Chief Financial Officer
  • Mr. Bahman Koohestani (Age 61)
    Chief Technology Officer
  • Mr. Timothy M. Fox
    VP of Investor Relations
  • Ms. Leanne Fitzgerald (Age 57)
    Chief Legal Officer & Sec.
  • Ms. Maura Duggan
    Associate Director of Communications
  • Mr. Craig Eric AndersonMr. Craig Eric Anderson (Age 46)
    Chief Corp. Devel. & Strategy Officer













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.

This page (NASDAQ:ACVA) was last updated on 6/9/2023 by MarketBeat.com Staff

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