ACV Auctions (NYSE:ACVA) Hits New 52-Week Low – Here’s Why

ACV Auctions Inc. (NYSE:ACVA) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.40 and last traded at $4.3880, with a volume of 194642 shares. The stock had previously closed at $4.61.

Analyst Upgrades and Downgrades

ACVA has been the topic of several research reports. CJS Securities upgraded shares of ACV Auctions to a “strong-buy” rating in a research report on Thursday, December 11th. Barrington Research upgraded ACV Auctions from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group reduced their target price on ACV Auctions from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Jefferies Financial Group cut ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a report on Thursday, December 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of ACV Auctions in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.45.

ACV Auctions Stock Performance

The company has a market capitalization of $749.20 million, a PE ratio of -11.33 and a beta of 1.69. The stock’s fifty day simple moving average is $6.49 and its 200-day simple moving average is $7.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.60 and a current ratio of 1.60.

ACV Auctions (NYSE:ACVA) last issued its quarterly earnings results on Monday, February 23rd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.10). The firm had revenue of $183.65 million for the quarter, compared to analysts’ expectations of $181.96 million. ACV Auctions had a negative return on equity of 6.17% and a negative net margin of 8.71%.The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) earnings per share.

Insider Transactions at ACV Auctions

In other news, CEO George Chamoun bought 24,272 shares of the stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $5.05 per share, with a total value of $122,573.60. Following the purchase, the chief executive officer owned 2,952,977 shares of the company’s stock, valued at approximately $14,912,533.85. The trade was a 0.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On ACV Auctions

Hedge funds have recently made changes to their positions in the business. Atreides Management LP grew its position in shares of ACV Auctions by 125.2% in the fourth quarter. Atreides Management LP now owns 12,411,800 shares of the company’s stock valued at $99,543,000 after purchasing an additional 6,901,010 shares during the period. William Blair Investment Management LLC lifted its position in ACV Auctions by 3.3% during the third quarter. William Blair Investment Management LLC now owns 11,471,709 shares of the company’s stock worth $113,685,000 after buying an additional 362,003 shares during the period. Wasatch Advisors LP boosted its stake in ACV Auctions by 301.0% in the 2nd quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company’s stock worth $118,331,000 after buying an additional 5,475,874 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in ACV Auctions by 30.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 6,337,335 shares of the company’s stock valued at $62,803,000 after buying an additional 1,475,932 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in ACV Auctions by 14.1% in the 3rd quarter. Alliancebernstein L.P. now owns 6,332,313 shares of the company’s stock valued at $62,753,000 after buying an additional 784,411 shares during the period. Institutional investors and hedge funds own 88.55% of the company’s stock.

ACV Auctions Company Profile

ACV Auctions operates a digital marketplace designed to streamline the wholesale used-vehicle auction process for independent dealerships and larger automotive groups. The platform enables dealers to participate in live, online auctions, submit real-time bids, and access guaranteed-sale programs that reduce the risk of inventory moving. By replicating the dynamics of in-lane bidding in a virtual environment, ACV Auctions connects sellers and buyers across a broad geographic footprint without the need for physical auction attendance.

In addition to its core marketplace, ACV Auctions offers a suite of software tools and data-driven services aimed at improving transparency and decision-making in the remarketing process.