ACV Auctions (NASDAQ:ACVA) Posts Earnings Results

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

ACV Auctions Stock Performance

Shares of ACVA traded down $0.35 during midday trading on Wednesday, reaching $20.65. 2,475,656 shares of the stock were exchanged, compared to its average volume of 1,235,032. The business’s 50-day moving average price is $21.29 and its 200 day moving average price is $20.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 1.51. ACV Auctions has a twelve month low of $13.66 and a twelve month high of $23.46. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -43.94 and a beta of 1.69.

Analysts Set New Price Targets

Several equities research analysts recently commented on ACVA shares. Stephens raised ACV Auctions to a “hold” rating in a report on Saturday, February 1st. JMP Securities restated a “market outperform” rating and set a $25.00 price target on shares of ACV Auctions in a research report on Monday, December 16th. B. Riley raised their price target on ACV Auctions from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barrington Research restated an “outperform” rating and set a $23.00 price target on shares of ACV Auctions in a research report on Monday, November 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of ACV Auctions in a report on Thursday, December 26th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, ACV Auctions presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.65.

Insider Transactions at ACV Auctions

In other news, insider Michael Waterman sold 15,000 shares of ACV Auctions stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $20.27, for a total transaction of $304,050.00. Following the sale, the insider now owns 311,354 shares in the company, valued at approximately $6,311,145.58. The trade was a 4.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William Zerella sold 32,500 shares of ACV Auctions stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $21.65, for a total value of $703,625.00. Following the sale, the chief financial officer now owns 490,482 shares in the company, valued at $10,618,935.30. This trade represents a 6.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,162 shares of company stock worth $2,663,776. Corporate insiders own 8.50% of the company’s stock.

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.