ACV Auctions (NYSE:ACVA) Stock Price Up 5.4% – Should You Buy?

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on ACVA shares. Barrington Research upgraded shares of ACV Auctions from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 24th. B. Riley Financial decreased their price target on shares of ACV Auctions from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. The Goldman Sachs Group decreased their price target on shares of ACV Auctions from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price target on shares of ACV Auctions in a research note on Tuesday, February 24th. Finally, Barclays decreased their price target on shares of ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company 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 $805.07 million, a P/E ratio of -12.17 and a beta of 1.69. The stock has a fifty day simple moving average of $5.63 and a 200-day simple moving average of $7.39. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.44.

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

Insider Activity

In related news, CEO George Chamoun acquired 24,272 shares of the business’s stock in a transaction on Monday, March 9th. The stock was bought at an average cost of $5.05 per share, with a total value 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. The trade was a 0.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ACVA. Fifth Third Bancorp lifted its holdings in shares of ACV Auctions by 72.4% during the fourth quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock valued at $27,000 after acquiring an additional 1,421 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 buying an additional 3,629 shares during the last quarter. Aster Capital Management DIFC Ltd raised 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 valued at $33,000 after buying an additional 2,489 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of ACV Auctions by 38,076.9% in the fourth quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after buying an additional 4,950 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of ACV Auctions by 12,979.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after buying an additional 5,711 shares during the last quarter. 88.55% of the stock is owned by institutional investors.

About ACV Auctions

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.