ACV Auctions (NASDAQ:ACVA) Releases 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, beating analysts’ consensus estimates 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 Performance

Shares of NASDAQ:ACVA traded down $0.35 during trading on Wednesday, reaching $20.65. 2,445,016 shares of the stock were exchanged, compared to its average volume of 1,234,536. ACV Auctions has a 12 month low of $13.66 and a 12 month high of $23.46. The firm has a market cap of $3.46 billion, a PE ratio of -43.94 and a beta of 1.69. The stock has a 50-day moving average price of $21.29 and a 200-day moving average price of $20.12. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ACVA. JMP Securities reaffirmed a “market outperform” rating and issued a $25.00 target price on shares of ACV Auctions in a research report on Monday, December 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price (up previously from $26.00) on shares of ACV Auctions in a research report on Thursday, December 26th. Jefferies Financial Group lifted their target price on ACV Auctions from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. B. Riley lifted their price target on ACV Auctions from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Citigroup lifted their price target on ACV Auctions from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ACV Auctions presently has an average rating of “Moderate Buy” and a consensus target price of $23.65.

Insider Transactions at ACV Auctions

In related news, CFO William Zerella sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $20.57, for a total value of $308,550.00. Following the completion of the sale, the chief financial officer now directly owns 462,452 shares in the company, valued at approximately $9,512,637.64. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Waterman sold 30,162 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $20.53, for a total transaction of $619,225.86. Following the transaction, the insider now owns 314,738 shares of the company’s stock, valued at approximately $6,461,571.14. This represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,162 shares of company stock worth $2,663,776 over the last quarter. Company insiders own 8.50% of the company’s stock.

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.