Analysts Set ACV Auctions Inc. (NASDAQ:ACVA) Price Target at $13.95

ACV Auctions Inc. (NASDAQ:ACVA) has received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.25.

A number of equities research analysts have weighed in on ACVA shares. Needham & Company LLC cut their price target on shares of ACV Auctions from $14.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, November 6th. JMP Securities cut their target price on shares of ACV Auctions from $20.00 to $18.00 and set a “market outperform” 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 research report on Friday, October 17th. Barclays began coverage on ACV Auctions in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $6.00 price target on the stock. Finally, Citigroup reduced their price objective on ACV Auctions from $17.00 to $13.00 and set a “buy” rating for the company in a research note on Friday.

Insider Activity at ACV Auctions

In other ACV Auctions news, Director Robert P. Goodman bought 912,408 shares of ACV Auctions stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $5.61 per share, for a total transaction of $5,118,608.88. Following the completion of the acquisition, the director directly owned 912,408 shares of the company’s stock, valued at approximately $5,118,608.88. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Hirsch bought 80,571 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were bought at an average cost of $6.21 per share, with a total value of $500,345.91. Following the purchase, the director directly owned 99,678 shares in the company, valued at approximately $619,000.38. This trade represents a 421.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of ACV Auctions

Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of ACV Auctions by 11.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,928,666 shares of the company’s stock worth $63,731,000 after acquiring an additional 398,106 shares during the period. Rivermont Capital Management LP lifted its stake in ACV Auctions by 16.8% during the first quarter. Rivermont Capital Management LP now owns 933,113 shares of the company’s stock worth $13,148,000 after purchasing an additional 133,936 shares during the period. Inflection Point Investments LLP boosted its holdings in ACV Auctions by 32.5% during the second quarter. Inflection Point Investments LLP now owns 403,796 shares of the company’s stock valued at $6,550,000 after purchasing an additional 99,146 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of ACV Auctions by 42.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 483,306 shares of the company’s stock valued at $7,839,000 after purchasing an additional 144,283 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of ACV Auctions by 4.1% in the 1st quarter. Rhumbline Advisers now owns 214,763 shares of the company’s stock worth $3,026,000 after buying an additional 8,368 shares in the last quarter. Institutional investors own 88.55% of the company’s stock.

ACV Auctions Stock Performance

Shares of NASDAQ ACVA opened at $7.58 on Wednesday. ACV Auctions has a 1 year low of $4.95 and a 1 year high of $23.30. The firm has a market cap of $1.31 billion, a P/E ratio of -15.48 and a beta of 1.63. The stock has a fifty day moving average price of $8.53 and a two-hundred day moving average price of $12.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.56 and a current ratio of 1.56.

ACV Auctions (NASDAQ:ACVA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share 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 return on equity of 12.94% and a negative net margin of 12.51%.The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. ACV Auctions has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that ACV Auctions will post -0.07 EPS for the current fiscal year.

About ACV Auctions

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.