ACV Auctions (NYSE:ACVA) Shares Up 5.4% – What’s Next?

ACV Auctions Inc. (NYSE:ACVA) shares traded up 5.4% on Monday . The stock traded as high as $4.54 and last traded at $4.5970. 258,843 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 3,196,645 shares. The stock had previously closed at $4.36.

Analyst Ratings Changes

ACVA has been the subject of a number of research reports. CJS Securities raised shares of ACV Auctions to a “strong-buy” rating in a report on Thursday, December 11th. Royal Bank Of Canada upgraded ACV Auctions to an “outperform” rating in a research report on Tuesday, February 24th. Barclays dropped their price objective on ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Citigroup lowered shares of ACV Auctions from a “buy” rating to a “neutral” rating and reduced their target price for the company from $13.00 to $7.00 in a research note on Tuesday, February 24th. Finally, Jefferies Financial Group cut shares of ACV Auctions from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a research report on Thursday, December 11th. Two investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.45.

ACV Auctions Trading Up 6.6%

The business has a 50 day moving average of $5.79 and a 200 day moving average of $7.47. The firm has a market capitalization of $808.90 million, a price-to-earnings ratio of -12.20 and a beta of 1.69. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 1.60.

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

Insiders Place Their Bets

In other news, CEO George Chamoun acquired 24,272 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $5.05 per share, for a total transaction of $122,573.60. Following the completion of the acquisition, the chief executive officer owned 2,952,977 shares in the company, valued at $14,912,533.85. This trade represents a 0.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.90% of the stock is owned by insiders.

Institutional Investors Weigh In On ACV Auctions

Several hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of ACV Auctions by 72.4% in the 4th quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock valued at $27,000 after buying an additional 1,421 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in ACV Auctions by 2,573.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $30,000 after acquiring an additional 3,629 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in shares of ACV Auctions by 298.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock worth $33,000 after acquiring an additional 2,489 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of ACV Auctions by 38,076.9% during the 4th quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after purchasing an additional 4,950 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of ACV Auctions by 12,979.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after purchasing an additional 5,711 shares during the period. 88.55% of the stock is currently owned by institutional investors and hedge funds.

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.