ACV Auctions (NASDAQ:ACVA) Reaches New 12-Month Low – Here’s Why

ACV Auctions Inc. (NASDAQ:ACVA) reached a new 52-week low on Wednesday . The company traded as low as $8.24 and last traded at $8.3770, with a volume of 1977676 shares. The stock had previously closed at $8.95.

Analyst Upgrades and Downgrades

ACVA has been the topic of a number of analyst reports. Stephens dropped their price objective on shares of ACV Auctions from $16.00 to $11.50 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Citigroup lowered their price target on shares of ACV Auctions from $21.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. The Goldman Sachs Group dropped their price target on shares of ACV Auctions from $21.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday. Jefferies Financial Group decreased their price objective on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Finally, Bank of America reaffirmed an “underperform” rating and set a $6.00 target price (down from $16.50) on shares of ACV Auctions in a research report on Thursday. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ACV Auctions presently has a consensus rating of “Moderate Buy” and an average price target of $14.75.

ACV Auctions Trading Up 5.8%

The stock has a market cap of $926.97 million, a P/E ratio of -10.99 and a beta of 1.63. The firm’s 50 day simple moving average is $9.61 and its two-hundred day simple moving average is $13.17. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.28.

ACV Auctions (NASDAQ:ACVA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $199.56 million during 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%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS. ACV Auctions has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts predict that ACV Auctions Inc. will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of ACV Auctions

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