ACV Auctions (NASDAQ:ACVA) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

ACV Auctions Trading Down 1.7 %

NASDAQ ACVA traded down $0.35 on Wednesday, reaching $20.65. The company had a trading volume of 2,445,016 shares, compared to its average volume of 1,234,536. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -43.94 and a beta of 1.69. ACV Auctions has a fifty-two week low of $13.66 and a fifty-two week high of $23.46. The business has a 50 day moving average of $21.29 and a two-hundred day moving average of $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.

Insider Activity at ACV Auctions

In other ACV Auctions news, insider Michael Waterman sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $6,311,145.58. This represents a 4.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO William Zerella sold 32,500 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $21.65, for a total transaction of $703,625.00. Following the sale, the chief financial officer now directly 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. Insiders sold 125,162 shares of company stock worth $2,663,776 over the last three months. Company insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACVA. Barrington Research reiterated an “outperform” rating and set a $23.00 price target on shares of ACV Auctions in a report on Monday, November 4th. Stephens upgraded shares of ACV Auctions to a “hold” rating in a report on Saturday, February 1st. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target (up from $26.00) on shares of ACV Auctions in a report on Thursday, December 26th. B. Riley upped their price target on shares of ACV Auctions from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group upped their price target on shares of ACV Auctions from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.65.

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.