ACV Auctions Inc. (NASDAQ:ACVA) Receives Average Rating of “Moderate Buy” from Brokerages

ACV Auctions Inc. (NASDAQ:ACVA) has earned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.9545.

A number of analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on ACV Auctions from $21.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Needham & Company LLC dropped their target price on shares of ACV Auctions from $14.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Stephens cut their price target on shares of ACV Auctions from $16.00 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. Jefferies Financial Group decreased their price target on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 17th. Finally, Barclays assumed coverage on shares of ACV Auctions in a report on Tuesday, November 11th. They set an “equal weight” rating and a $6.00 price objective for the company.

ACV Auctions Stock Up 3.9%

ACVA opened at $6.54 on Wednesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of -13.36 and a beta of 1.63. ACV Auctions has a one year low of $4.95 and a one year high of $23.46. The company has a fifty day moving average price of $8.85 and a 200-day moving average price of $12.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 1.56.

ACV Auctions (NASDAQ:ACVA) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%.The company had revenue of $199.56 million for the quarter, compared to the consensus estimate of $200.26 million. During the same quarter last year, the business posted $0.04 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. ACV Auctions has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that ACV Auctions will post -0.07 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert P. Goodman acquired 912,408 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average cost of $5.61 per share, for a total transaction of $5,118,608.88. Following the acquisition, the director owned 912,408 shares of the company’s stock, valued at $5,118,608.88. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Hirsch acquired 80,571 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $500,345.91. Following the completion of the acquisition, the director owned 99,678 shares in the company, valued at $619,000.38. This represents a 421.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On ACV Auctions

Several institutional investors and hedge funds have recently made changes to their positions in ACVA. Brighton Jones LLC purchased a new stake in ACV Auctions during the fourth quarter valued at about $392,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of ACV Auctions in the 1st quarter valued at about $1,097,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in ACV Auctions by 20.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 223,929 shares of the company’s stock valued at $3,155,000 after acquiring an additional 37,543 shares during the period. Legato Capital Management LLC grew its position in ACV Auctions by 118.5% during the 1st quarter. Legato Capital Management LLC now owns 81,862 shares of the company’s stock worth $1,153,000 after acquiring an additional 44,396 shares during the last quarter. Finally, Royce & Associates LP grew its position in ACV Auctions by 15.7% during the 1st quarter. Royce & Associates LP now owns 423,789 shares of the company’s stock worth $5,971,000 after acquiring an additional 57,589 shares during the last quarter. Institutional investors own 88.55% of the company’s stock.

ACV Auctions Company Profile

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.