ACV Auctions (NASDAQ:ACVA) Posts Earnings Results, Hits Expectations

ACV Auctions (NASDAQ:ACVA) announced its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07, Briefing.com reports. The firm had revenue of $199.56 million for the quarter, compared to the consensus estimate of $200.26 million. ACV Auctions had a negative net margin of 12.51% and a negative return on equity of 12.94%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. ACV Auctions updated its Q4 2025 guidance to EPS and its FY 2025 guidance to EPS.

ACV Auctions Trading Down 36.5%

Shares of ACVA traded down $2.98 during trading on Thursday, reaching $5.18. 12,138,255 shares of the company traded hands, compared to its average volume of 2,352,652. ACV Auctions has a twelve month low of $5.00 and a twelve month high of $23.46. The stock has a market cap of $890.65 million, a PE ratio of -10.56 and a beta of 1.63. The stock has a 50-day simple moving average of $9.87 and a 200-day simple moving average of $13.29. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On ACV Auctions

Institutional investors have recently made changes to their positions in the stock. State of Wyoming purchased a new position in shares of ACV Auctions in the second quarter valued at approximately $171,000. Tower Research Capital LLC TRC increased its holdings in shares of ACV Auctions by 18.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 20,374 shares of the company’s stock valued at $330,000 after acquiring an additional 3,149 shares during the period. Captrust Financial Advisors acquired a new position in shares of ACV Auctions in the 2nd quarter valued at $278,000. Wasatch Advisors LP increased 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 valued at $118,331,000 after buying an additional 5,475,874 shares during the period. Finally, Holocene Advisors LP increased its stake in ACV Auctions by 5.4% in the 2nd quarter. Holocene Advisors LP now owns 172,462 shares of the company’s stock valued at $2,797,000 after buying an additional 8,816 shares during the period. 88.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reduced their target price on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 17th. JMP Securities cut their price objective on shares of ACV Auctions from $20.00 to $18.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Barrington Research cut shares of ACV Auctions from an “outperform” rating to a “market perform” rating in a research report on Thursday. Citigroup cut their price objective on shares of ACV Auctions from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Finally, Bank of America restated an “underperform” rating and set a $6.00 price objective (down from $16.50) on shares of ACV Auctions in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.35.

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.