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NASDAQ:ACVA

ACV Auctions (ACVA) Stock Price, News & Analysis

$17.33
+0.03 (+0.17%)
(As of 11:33 AM ET)
Today's Range
$17.18
$17.52
50-Day Range
$13.66
$19.15
52-Week Range
$11.58
$19.54
Volume
118,530 shs
Average Volume
1.20 million shs
Market Capitalization
$2.84 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.21

ACV Auctions MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
16.6% Upside
$20.21 Price Target
Short Interest
Healthy
6.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.48mentions of ACV Auctions in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$27.13 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.29) to $0.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.51 out of 5 stars

Retail/Wholesale Sector

153rd out of 200 stocks

Business Services, Not Elsewhere Classified Industry

71st out of 88 stocks

ACVA stock logo

About ACV Auctions Stock (NASDAQ:ACVA)

ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company's marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green's seller assurance service for against claims related to defects in the vehicle. It also provides remarketing centers, which offers value-added services, such as vehicle reconditioning and storage for dealers and commercial partners. In addition, the company offers data services, including True360 report, which provides cosmetic and structural vehicle assessments integrated into vehicle history reports for dealer to make wholesale and retail transaction decisions on and off the marketplace; ACV market report provides transaction data and condition reports for comparable used vehicles, including pricing data from third-party sources and allows dealers to determine pricing and valuation strategies for used vehicles; and ACV MAX inventory management software enables dealers to manage their inventory and set pricing while turning vehicles. Further, it provides data and technology through inspection, such as condition reports, virtual lift solutions, apex device, and vehicle intelligence platform; and marketplace enablement, comprising MyACV application, private marketplaces, operations automation, live appraisals, and programmatic buying service. ACV Auctions Inc. was incorporated in 2014 and is headquartered in Buffalo, New York.

ACVA Stock Price History

ACVA Stock News Headlines

New crypto project uncovers 2,050% in 65 days
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
New crypto project uncovers 2,050% in 65 days
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
Acv auctions executive sells $138,750 in stock
ACV Auctions Inc (ACVA)
ACVA Apr 2024 17.500 put
ACVA Aug 2024 15.000 put
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
4/19/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:ACVA
Fax
N/A
Employees
2,170
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.21
High Stock Price Target
$23.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+16.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$-75,260,000.00
Pretax Margin
-15.53%

Debt

Sales & Book Value

Annual Sales
$481.23 million
Book Value
$2.82 per share

Miscellaneous

Free Float
141,488,000
Market Cap
$2.84 billion
Optionable
Optionable
Beta
1.57
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Key Executives


ACVA Stock Analysis - Frequently Asked Questions

Should I buy or sell ACV Auctions stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ACV Auctions in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ACVA shares.
View ACVA analyst ratings
or view top-rated stocks.

What is ACV Auctions' stock price target for 2024?

11 Wall Street research analysts have issued 1 year price objectives for ACV Auctions' stock. Their ACVA share price targets range from $15.00 to $23.00. On average, they expect the company's stock price to reach $20.21 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for ACVA
or view top-rated stocks among Wall Street analysts.

How have ACVA shares performed in 2024?

ACV Auctions' stock was trading at $15.15 on January 1st, 2024. Since then, ACVA stock has increased by 14.4% and is now trading at $17.33.
View the best growth stocks for 2024 here
.

Are investors shorting ACV Auctions?

ACV Auctions saw a decline in short interest in March. As of March 31st, there was short interest totaling 9,000,000 shares, a decline of 9.0% from the March 15th total of 9,890,000 shares. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is presently 7.3 days. Approximately 6.6% of the company's stock are short sold.
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, May 8th 2024.
View our ACVA earnings forecast
.

How were ACV Auctions' earnings last quarter?

ACV Auctions Inc. (NASDAQ:ACVA) posted its earnings results on Wednesday, February, 21st. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. The company earned $118.38 million during the quarter, compared to analysts' expectations of $117.62 million. ACV Auctions had a negative net margin of 15.64% and a negative trailing twelve-month return on equity of 13.97%.

What ETFs hold ACV Auctions' stock?

ETFs with the largest weight of ACV Auctions (NASDAQ:ACVA) stock in their portfolio include Global X E-Commerce ETF (EBIZ).WisdomTree Growth Leaders Fund (PLAT).

What guidance has ACV Auctions issued on next quarter's earnings?

ACV Auctions issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $141.0 million-$146.0 million, compared to the consensus revenue estimate of $141.6 million.

When did ACV Auctions IPO?

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

Who are ACV Auctions' major shareholders?

ACV Auctions' stock is owned by a number of retail and institutional investors. Top institutional investors include Deepwater Asset Management LLC (0.48%), Congress Asset Management Co. MA (0.29%), True North Advisors LLC (0.04%) and Los Angeles Capital Management LLC (0.03%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ACVA) was last updated on 4/19/2024 by MarketBeat.com Staff

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