Should I buy or sell ACV Auctions stock right now?

11 Wall Street 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 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 12-month target prices for ACV Auctions' stock. Their ACVA share price targets range from $15.00 to $23.00. On average, they predict the company's share price to reach $20.21 in the next twelve months. This suggests a possible upside of 11.6% 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 at the beginning of 2024. Since then, ACVA stock has increased by 19.6% and is now trading at $18.12. View the best growth stocks for 2024 here .

Are investors shorting ACV Auctions?

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

How were ACV Auctions' earnings last quarter?

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

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 updated 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 IPO 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.

Who are ACV Auctions' major shareholders?

ACV Auctions' stock is owned by a number of retail and institutional investors. Top institutional investors include 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 .

NASDAQ:ACVA

ACV Auctions (ACVA) Stock Price, News & Analysis

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$17.49

-0.31 (-1.74%)

(As of 02:33 PM ET)

Compare

Today's Range: $17.18
▼
$18.21
50-Day Range: $13.66
▼
$19.15
52-Week Range: $11.58
▼
$19.54

Volume: 712,799 shs
Average Volume: 1.21 million shs
Market Capitalization: $2.87 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $20.21

Get ACV Auctions alerts:

ACV Auctions MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 11.6% Upside
$20.21 Price Target
Short Interest: Healthy
6.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.59
Based on 15 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.

1.72 out of 5 stars

Retail/Wholesale Sector

153rd out of 199 stocks

Business Services, Not Elsewhere Classified Industry

69th out of 87 stocks

2.4

Analyst's Opinion

Consensus Rating
ACV Auctions has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
ACV Auctions has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
6.59% of the float of ACV Auctions has been sold short.
Short Interest Ratio / Days to Cover
ACV Auctions has a short interest ratio ("days to cover") of 7.3.
Change versus previous month
Short interest in ACV Auctions has recently decreased by 9.00%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
ACV Auctions does not currently pay a dividend.
Dividend Growth
ACV Auctions does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ACVA.

2.5

News and Social Media Coverage

News Sentiment
ACV Auctions has a news sentiment score of 0.59. 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 higher news sentiment than the 0.48 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for ACV Auctions this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 3 people have added ACV Auctions to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 $27,126,374.00 in company stock.
Percentage Held by Insiders
13.67% 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 Institutions
88.55% of the stock of ACV Auctions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for ACV Auctions are expected to grow in the coming year, from ($0.29) to $0.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ACV Auctions is -39.39, 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. Sector
The P/E ratio of ACV Auctions is -39.39, 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 Ratio
ACV Auctions has a P/B Ratio of 6.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

ACVA Stock News Headlines

April 18, 2024 | insidertrades.com

William Zerella Sells 32,500 Shares of ACV Auctions Inc. (NASDAQ:ACVA) Stock

April 13, 2024 | insidertrades.com

Craig Eric Anderson Sells 7,500 Shares of ACV Auctions Inc. (NASDAQ:ACVA) Stock

April 18, 2024 | Paradigm Press (Ad)

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April 6, 2024 | insidertrades.com

Insider Selling: ACV Auctions Inc. (NASDAQ:ACVA) COO Sells 13,399 Shares of Stock

April 4, 2024 | insidertrades.com

ACV Auctions Inc. (NASDAQ:ACVA) COO Sells $1,406,314.23 in Stock

March 30, 2024 | insidertrades.com

Insider Selling: ACV Auctions Inc. (NASDAQ:ACVA) Insider Sells 5,000 Shares of Stock

March 22, 2024 | insidertrades.com

ACV Auctions Inc. (NASDAQ:ACVA) CFO Sells $598,000.00 in Stock

April 18, 2024 | americanbankingnews.com

ACV Auctions' (ACVA) Market Outperform Rating Reaffirmed at JMP Securities

April 18, 2024 | Paradigm Press (Ad)

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April 17, 2024 | investing.com

ACV expands logistics services to non-platform vehicle deliveries

April 16, 2024 | americanbankingnews.com

Short Interest in ACV Auctions Inc. (NASDAQ:ACVA) Declines By 9.0%

April 15, 2024 | msn.com

ACV Auctions adds services for vehicles purchased outside its platform

April 15, 2024 | globenewswire.com

ACV Transportation Expands Services to Vehicles Purchased Outside of the ACV Platform

April 13, 2024 | uk.investing.com

Acv auctions executive sells $138,750 in stock

April 7, 2024 | investing.com

ACV Auctions COO sells over $2.2 million in company stock

April 5, 2024 | finance.yahoo.com

Insider Sell: COO Vikas Mehta Sells 121,741 Shares of ACV Auctions Inc (ACVA)

April 4, 2024 | finance.yahoo.com

Insider Sell: COO Vikas Mehta Sells 78,259 Shares of ACV Auctions Inc (ACVA)

April 2, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Dick’s Sporting Goods (DKS), ACV Auctions (ACVA) and DR Horton (DHI)

April 2, 2024 | finance.yahoo.com

Does ACV Auctions (ACVA) Have the Potential to Create a Strong Competitive Moat?

March 23, 2024 | investing.com

ACV Auctions CEO sells over $6 million in company stock

March 14, 2024 | investing.com

ACV Auctions Inc (ACVA)

March 3, 2024 | finance.yahoo.com

ACVA Apr 2024 17.500 put

February 28, 2024 | finance.yahoo.com

ACVA Aug 2024 15.000 put

February 28, 2024 | finance.yahoo.com

ACV to Participate in The Citizens JMP Technology Conference

February 27, 2024 | finance.yahoo.com

ACV Auctions Inc. (NASDAQ:ACVA) Q4 2023 Earnings Call Transcript

February 24, 2024 | finance.yahoo.com

ACV Auctions Inc. (NASDAQ:ACVA) Just Released Its Annual Earnings: Here's What Analysts Think

February 24, 2024 | seekingalpha.com

ACV Auctions: Positive On EBITDA Beat And Above-Expectations Revenue Guidance (Rating Upgrade)

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Retail/Wholesale
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:ACVA
CUSIP: N/A
CIK: 1637873
Web: www.acvauctions.com
Phone: 800-553-4070
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: +13.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.82
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.46)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-75,260,000.00
Net Margins: -15.64%
Pretax Margin: -15.53%
Return on Equity: -13.97%
Return on Assets: -6.89%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 2.12
Quick Ratio: 2.12

Sales & Book Value

Annual Sales: $481.23 million
Price / Sales: 6.06
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.82 per share
Price / Book: 6.31

Miscellaneous

Outstanding Shares: 163,892,000
Free Float: 141,488,000
Market Cap: $2.92 billion
Optionable: Optionable
Beta: 1.57

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Key Executives

Mr. Vikas Mehta (Age 48)
Chief Operating Officer
Comp: $759.82k
Ms. Leanne Fitzgerald (Age 58)
Chief Legal Officer & Secretary
Comp: $492.33k
Mr. Michael Waterman (Age 55)
Chief Sales Officer
Comp: $713.13k
Mr. Bahman Koohestani (Age 62)
Chief Technology Officer
Mr. Timothy M. Fox
VP of Investor Relations
Ms. Maura Duggan
Associate Director of Communications
Mr. Craig Eric Anderson (Age 47)
Chief Corporate Development & Strategy Officer
Ms. Kate Cadou Clegg
Chief Marketing Officer
Ms. Sallie Reid
Chief People Officer
Mr. Greg Borowski
Vice President of Product Solutions

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ACVA Stock Analysis - Frequently Asked Questions

Should I buy or sell ACV Auctions stock right now?: 11 Wall Street 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 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 12-month target prices for ACV Auctions' stock. Their ACVA share price targets range from $15.00 to $23.00. On average, they predict the company's share price to reach $20.21 in the next twelve months. This suggests a possible upside of 11.6% 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 at the beginning of 2024. Since then, ACVA stock has increased by 19.6% and is now trading at $18.12.
View the best growth stocks for 2024 here.
Are investors shorting ACV Auctions?: ACV Auctions saw a drop in short interest in March. As of March 31st, there was short interest totaling 9,000,000 shares, a drop of 9.0% from the March 15th total of 9,890,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is presently 7.3 days. Approximately 6.6% of the company's stock 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, May 8th 2024.
View our ACVA earnings forecast.
How were ACV Auctions' earnings last quarter?: ACV Auctions Inc. (NASDAQ:ACVA) posted its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. The business had revenue of $118.38 million for the quarter, compared to analysts' expectations of $117.62 million. ACV Auctions had a negative trailing twelve-month return on equity of 13.97% and a negative net margin of 15.64%.

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 updated 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 IPO 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.
Who are ACV Auctions' major shareholders?: ACV Auctions' stock is owned by a number of retail and institutional investors. Top institutional investors include 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 4/18/2024 by MarketBeat.com Staff

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ACV Auctions (ACVA) Stock Price, News & Analysis

ACV Auctions MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ACV Auctions Stock (NASDAQ:ACVA)

ACVA Stock Price History

ACVA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ACVA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™