NASDAQ:ACVA

ACV Auctions (ACVA) Stock Price, News & Analysis

$17.24
-0.05 (-0.29%)
(As of 01:21 PM ET)
Today's Range
$17.19
$17.89
50-Day Range
$16.91
$19.15
52-Week Range
$12.84
$19.54
Volume
435,311 shs
Average Volume
1.15 million shs
Market Capitalization
$2.83 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.36

ACV Auctions MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
18.3% Upside
$20.36 Price Target
Short Interest
Bearish
6.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.44mentions of ACV Auctions in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$26.67 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.

0.83 out of 5 stars

Retail/Wholesale Sector

184th out of 202 stocks

Business Services, Not Elsewhere Classified Industry

86th out of 91 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

Urgent Nvidia Warning
Could Steve Job's 'Final Prophecy' Make You Rich? Just before he died, Steve Jobs issued a "Final Prophecy" that's now coming true... and making some people rich. In one recent 90-day stretch, 50 companies related to Jobs' "Final Prophecy" soared by 100% or more. What was Steve Jobs' last big prediction, and how can you get in on it? Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space.
ACV Auctions (NASDAQ:ACVA) Price Target Raised to $16.00
ACV Auctions (NASDAQ:ACVA) Price Target Raised to $20.00
Urgent Nvidia Warning
Could Steve Job's 'Final Prophecy' Make You Rich? Just before he died, Steve Jobs issued a "Final Prophecy" that's now coming true... and making some people rich. In one recent 90-day stretch, 50 companies related to Jobs' "Final Prophecy" soared by 100% or more. What was Steve Jobs' last big prediction, and how can you get in on it? Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space.
5 Analysts Have This To Say About ACV Auctions
Q1 2024 ACV Auctions Inc Earnings Call
ACV reportedly cuts more than 30 employees
ACV Announces First Quarter 2024 Results
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
5/13/2024
Next Earnings (Estimated)
8/05/2024
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
$20.36
High Stock Price Target
$23.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+17.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$-75,260,000.00
Pretax Margin
-15.16%

Debt

Sales & Book Value

Annual Sales
$481.23 million
Book Value
$2.80 per share

Miscellaneous

Free Float
149,961,000
Market Cap
$2.83 billion
Optionable
Optionable
Beta
1.56
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Key Executives


ACVA Stock Analysis - Frequently Asked Questions

Should I buy or sell ACV Auctions stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ACV Auctions in the last year. There are currently 3 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?

12 Wall Street research analysts have issued 1-year price targets for ACV Auctions' shares. Their ACVA share price targets range from $15.00 to $23.00. On average, they anticipate the company's stock price to reach $20.36 in the next twelve months. This suggests a possible upside of 18.3% 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 shares have increased by 13.6% and is now trading at $17.21.
View the best growth stocks for 2024 here
.

When is ACV Auctions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our ACVA earnings forecast
.

How were ACV Auctions' earnings last quarter?

ACV Auctions Inc. (NASDAQ:ACVA) issued its earnings results on Wednesday, February, 21st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The business earned $118.38 million during the quarter, compared to analyst estimates of $117.62 million. ACV Auctions had a negative trailing twelve-month return on equity of 13.50% and a negative net margin of 15.28%.

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 second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $154.0 million-$158.0 million, compared to the consensus revenue estimate of $157.9 million.

When did ACV Auctions IPO?

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 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 served as the underwriters for the IPO.

Who are ACV Auctions' major shareholders?

ACV Auctions' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.54%), William Blair Investment Management LLC (2.94%), Jennison Associates LLC (2.41%), Riverbridge Partners LLC (2.27%), TimesSquare Capital Management LLC (1.08%) and Iridian Asset Management LLC CT (0.76%). 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 5/13/2024 by MarketBeat.com Staff

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