ACV Auctions (NASDAQ:ACVA) Announces Earnings Results

ACV Auctions (NASDAQ:ACVA) issued its earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01, Zacks reports. ACV Auctions had a negative net margin of 12.89% and a negative return on equity of 12.11%. ACV Auctions updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

ACV Auctions Stock Performance

ACVA stock opened at $20.65 on Thursday. The business’s 50-day moving average price is $21.27 and its two-hundred day moving average price is $20.13. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.46 billion, a PE ratio of -43.94 and a beta of 1.69. ACV Auctions has a 1-year low of $13.66 and a 1-year high of $23.46.

Insider Activity

In other ACV Auctions news, CFO William Zerella sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $20.57, for a total transaction of $308,550.00. Following the transaction, the chief financial officer now owns 462,452 shares of the company’s stock, valued at $9,512,637.64. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Waterman sold 30,162 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $20.53, for a total value of $619,225.86. Following the sale, the insider now owns 314,738 shares of the company’s stock, valued at approximately $6,461,571.14. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,162 shares of company stock worth $2,663,776 over the last three months. Corporate insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JMP Securities restated a “market outperform” rating and issued a $25.00 price target on shares of ACV Auctions in a research note on Monday, December 16th. Piper Sandler raised their price target on shares of ACV Auctions from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. B. Riley raised their price target on shares of ACV Auctions from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Stephens upgraded shares of ACV Auctions to a “hold” rating in a research note on Saturday, February 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of ACV Auctions in a research note on Thursday, December 26th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ACV Auctions presently has an average rating of “Moderate Buy” and an average price target of $23.65.

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.