ACV Auctions (ACVA) Stock Price, News & Analysis

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ACV Auctions in the last twelve months. 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.
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11 analysts have issued 1-year price objectives for ACV Auctions' shares. Their ACVA share price targets range from $15.00 to $23.00. On average, they expect the company's share price to reach $20.21 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
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ACV Auctions' stock was trading at $15.15 at the beginning of the year. Since then, ACVA shares have increased by 17.5% and is now trading at $17.80.
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ACV Auctions saw a decrease in short interest in March. As of March 31st, there was short interest totaling 9,000,000 shares, a decrease 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 days-to-cover ratio is currently 7.3 days. Approximately 6.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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ACV Auctions Inc. (NASDAQ:ACVA) announced its earnings results on Wednesday, February, 21st. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.01. The company earned $118.38 million during the quarter, compared to the consensus estimate 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%.

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).

ACV Auctions issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided 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.

ACV Auctions (ACVA) raised $315 million in an initial public offering (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.

ACV Auctions' stock is owned by many different 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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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