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

ACV Auctions (NASDAQ:ACVA) released its 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 return on equity of 12.11% and a negative net margin of 12.89%. ACV Auctions updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

ACV Auctions Stock Down 1.7 %

ACVA opened at $20.65 on Thursday. The stock has a market capitalization of $3.46 billion, a P/E ratio of -43.94 and a beta of 1.69. ACV Auctions has a one year low of $13.66 and a one year high of $23.46. The business’s 50-day simple moving average is $21.27 and its 200-day simple moving average is $20.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.51.

Insider Activity at ACV Auctions

In related news, CFO William Zerella sold 32,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $22.41, for a total value of $728,325.00. Following the sale, the chief financial officer now owns 490,482 shares of the company’s stock, valued at approximately $10,991,701.62. This represents a 6.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Waterman sold 30,162 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $20.53, for a total value of $619,225.86. Following the transaction, the insider now directly owns 314,738 shares in the company, valued at approximately $6,461,571.14. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,162 shares of company stock worth $2,663,776 in the last quarter. Company insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACVA. Needham & Company LLC restated a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of ACV Auctions in a report on Thursday, December 26th. JMP Securities reiterated a “market outperform” rating and issued a $25.00 target price on shares of ACV Auctions in a report on Monday, December 16th. Citigroup upped their target price on ACV Auctions from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barrington Research restated an “outperform” rating and set a $23.00 price objective on shares of ACV Auctions in a research note on Monday, November 4th. Finally, Piper Sandler upped their target price on ACV Auctions from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, ACV Auctions presently has an average rating of “Moderate Buy” and an average price target of $23.65.

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.