ACV Auctions (NASDAQ:ACVA) Price Target Cut to $13.00 by Analysts at The Goldman Sachs Group

ACV Auctions (NASDAQ:ACVA) had its price objective reduced by equities research analysts at The Goldman Sachs Group from $21.00 to $13.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 141.37% from the company’s current price.

ACVA has been the topic of several other reports. JPMorgan Chase & Co. lowered their price target on ACV Auctions from $18.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday. Jefferies Financial Group reduced their target price on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 17th. JMP Securities lowered their price objective on ACV Auctions from $20.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Stephens dropped their price objective 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. Finally, Needham & Company LLC dropped their price target 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. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ACV Auctions presently has an average rating of “Moderate Buy” and an average target price of $14.75.

ACV Auctions Stock Up 5.8%

NASDAQ ACVA traded up $0.30 on Friday, reaching $5.39. The stock had a trading volume of 11,902,962 shares, compared to its average volume of 2,499,766. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28. ACV Auctions has a 1 year low of $4.95 and a 1 year high of $23.46. The business has a 50 day moving average price of $9.74 and a 200 day moving average price of $13.23. The company has a market capitalization of $926.97 million, a price-to-earnings ratio of -10.99 and a beta of 1.63.

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

Institutional Investors Weigh In On ACV Auctions

Institutional investors have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of ACV Auctions in the 1st quarter valued at about $35,000. CWM LLC lifted its holdings in ACV Auctions by 77.4% during the second quarter. CWM LLC now owns 4,642 shares of the company’s stock worth $75,000 after acquiring an additional 2,026 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of ACV Auctions during the second quarter worth about $87,000. Covestor Ltd increased its stake in ACV Auctions by 39.9% during the 3rd quarter. Covestor Ltd now owns 5,785 shares of the company’s stock worth $57,000 after purchasing an additional 1,649 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in ACV Auctions by 2,640.6% in the first quarter. AlphaQuest LLC now owns 6,687 shares of the company’s stock valued at $94,000 after buying an additional 6,443 shares in the last quarter. 88.55% of the stock is owned by institutional investors and hedge funds.

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.