ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles.
Acv Auctions stock last closed at $15.18, down 1.49% from the previous day, and has increased 94.12% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.56 percentage points. Acv Auctions stock is currently +133.18% from its 52-week low of $6.51, and -18.74% from its 52-week high of $18.68.
As of Sep 29, 2023, there are 160.76M ACVA shares outstanding. The market capitalization of ACVA is $2.44B. In the last 24 hours, 924,214 ACVA shares were traded.
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After you have selected the best place to buy Acv Auctions stock, it's absolutely critical to research their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
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You can view all of the due diligence checks on ACVA's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ACVA's fair value.
Using relative valuations methods:
You can do more valuation research on ACVA's stock here.
Out of 13 sell side analysts who give forecasts on ACVA, the consensus analyst rating on ACVA is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Ali Faghri, a top 16% analyst from Guggenheim maintains ACVA with a strong buy rating and raises their ACVA price target from $20.00 to $21.00, on Aug 9, 2023.
Guggenheim's Ali Faghri raised their price target on Acv Auctions (NASDAQ: ACVA) by 5% from $20 to $21 on 2023/08/09. The analyst maintained their Strong Buy rating on the stock.
ACV Auctions delivered better than expected results, while management "once again" increased its FY guidance, Faghri reported after taking in the company's Q2 2023 print, released on 2023/08/07.
ACV will remain a "secular share winner," the analyst noted.
For Q2 2023, ACV Auctions reported:
For Q3 2023:
For FY 2023:
CEO George Chamoun commented: “We are very pleased with our strong Q2 results, with revenue once again above our guidance range and, along with Y/Y margin expansion, resulted in Adjusted EBITDA also exceeding our guidance range.
“While overall market conditions remain constrained relative to historical levels, new-vehicle production and retail sales are recovering. And, along with ACV’s share gains we delivered another record revenue quarter.
“Our dealer partnership network and competitive moat continued to expand, together with strong adoption of our broad suite of solutions. We achieved this while expanding margins and carefully managing our cost structure.
“We have again raised FY guidance reflecting our strong Q2 performance.
“We believe ACV remains well positioned to deliver sustainable growth as end-markets further recover, while also continuing to scale our business model.”
Gary Prestopino, a bottom 23% analyst from Barrington Research reiterates ACVA with a buy rating and maintains their ACVA price target from $23.00 to $23.00, on Aug 8, 2023.
Nicholas Jones, a top 5% analyst from JMP Securities maintains ACVA with a buy rating and raises their ACVA price target from $18.00 to $20.00, on Aug 8, 2023.
Daniel Imbro, a top 9% analyst from Stephens & Co. reiterates ACVA with a strong buy rating and maintains their ACVA price target from $20.00 to $20.00, on Aug 8, 2023.
Chris Pierce, a bottom 5% analyst from Needham reiterates ACVA with a buy rating and maintains their ACVA price target from $23.00 to $23.00, on Aug 8, 2023.
You can dig deeper into what analysts are forecasting on the Acv Auctions stock forecast page.
Last year, ACVA revenue was $447.24M. In the past 2 year, ACVA's revenue has gone up by 24.68% per year. This was faster than the Auto & Truck Dealerships industry average of 17.11%.
Dive into ACVA's earnings and revenue performance here.
In the last year, executives and large shareholders at ACVA have sold more shares than they have bought.
Bessemer Venture Partners Ix LP, 10% Owner of ACVA, was the latest ACVA insider to sell. They sold $617,353.40 worth of ACVA stock on Sep 14, 2023.
Dig into more about who owns ACVA stock here.
No, Acv Auctions doesn't provide an income stream by paying out dividends.
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