How to Buy Acv Auctions Stock
Acv Auctions Inc
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.
How to Buy Acv Auctions Stock
Wondering how to invest in Acv Auctions stock? Here's how.
- Choose where to buy Acv Auctions stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Acv Auctions stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your method of payment and add your information.
- Evaluate Acv Auctions stock: The Acv Auctions ticker symbol is ACVA. Is Acv Auctions stock a good investment? Should you buy shares of ACVA? How do ACVA's underlying business fundamentals look? Do top analysts think Acv Auctions is a good buy? Why has ACVA's stock price moved recently? (Hint: Our stock research website can help you decide if ACVA is a good stock to buy).
- Place your ACVA buy order: Decide if you will purchase ACVA shares at the current market price or use a limit order to purchase ACVA stock at a specific price.
- Keep an eye on your ACVA investment: Create a watchlist to track your new investment in Acv Auctions stock.
Step 1: Choose where to buy Acv Auctions stock
You need a brokerage account to access the NASDAQ market and buy ACVA shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal details so you can buy ACVA stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal data to open your new trading account.
- Send your details by clicking the "Create Account" button.
Step 3: Deposit money your investment account
Now that you have opened your account on the best app for stock investing, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring money into your brokerage account.
Step 4: Evaluate Acv Auctions stock
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.
Acv Auctions shares at a glance
Acv Auctions Fundamentals
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ACVA's stock page.
Is ACVA stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ACVA's fair value.
Using relative valuations methods:
- ACVA may be overvalued based on its P/B ratio of 5.12x, relative to Auto & Truck Dealerships industry P/B ratio of 2.23x
You can do more valuation research on ACVA's stock here.
ACVA Financial Health Summary
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the ACVA balance sheet.
- ACVA has $598.11M in cash and short term investments. This is sufficient to cover its annual cash burn of $5.87M.
- There are more short-term assets than short-term liabilities on the ACVA balance sheet.
- ACVA has cash burn of 5871000. It has sufficient cash and short-term investments to cover this for at least one year.
- ACVA profit margin has gone up from -25.6% to -18.3% in the past year.
Negative Health Checks:
- ACVA has a relatively high debt to equity ratio of 0.97.
Do analysts think it's a good time to buy ACVA stock
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.
Most Recent ACVA Analyst Recommendations
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.
Earnings Report
For Q2 2023, ACV Auctions reported:
- Loss per share of $0.10, which beat the consensus estimate of $(0.14) and, by 37.5%, Q2 2022’s $(0.16).
- Revenue of $124M which beat, by 8%, Q2 2022’s $115M.
- Net loss of $15.58M, up 36.4% Y/Y.
- EBITDA of $(4M), up 71.4% Y/Y.
Management guided:
For Q3 2023:
- Revenue of $115M to $119M which, if achieved, would represent a 9% to 13% increase Y/Y.
- Net loss of $7M to $9M.
- EBITDA of $(8M) to $(10M).
For FY 2023:
- Revenue of $474M to $482M which, if achieved, would represent a 12% to 14% increase Y/Y.
- Net loss of $(19M) to $(23M).
- EBITDA of $(23M) to $(27M).
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.
ACVA Technical Indicators
ACVA Revenue
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.
Are ACVA insiders buying or selling the stock?
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.
Does ACVA stock generate passive income?
No, Acv Auctions doesn't provide an income stream by paying out dividends.
What do other traders have to say about ACVA?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your ACVA buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you want more help with buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your ACVA investment
Now that you own some ACVA stock, you'll want to stay up-to-date on your new company.
Put ACVA on a watchlist to keep tabs on your ACVA stock.
ACVA Feed
How to Buy Stock in Acv Auctions
To summarize, here are the 6 steps you need to take to buy Acv Auctions stock right now:
- Choose where to buy Acv Auctions stock
- Create your brokerage account
- Deposit money your investment account
- Evaluate Acv Auctions stock
- Place your ACVA buy order
- Keep an eye on your ACVA investment
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Acv Auctions, add ACVA to your watchlist by clicking the button below.
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