ACV Auctions (NYSE:ACVA) Sets New 12-Month Low – Here’s Why

ACV Auctions Inc. (NYSE:ACVA)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $4.07 and last traded at $4.3270, with a volume of 1229516 shares trading hands. The stock had previously closed at $4.24.

Analyst Ratings Changes

ACVA has been the subject of several analyst reports. CJS Securities upgraded shares of ACV Auctions to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “sell (e+)” rating on shares of ACV Auctions in a report on Friday. Barclays decreased their price objective on shares of ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Citigroup lowered ACV Auctions from a “buy” rating to a “neutral” rating and dropped their target price for the company from $13.00 to $7.00 in a report on Tuesday, February 24th. Finally, Barrington Research upgraded ACV Auctions from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, ACV Auctions presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.45.

ACV Auctions Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 1.60. The company’s 50 day simple moving average is $6.04 and its 200 day simple moving average is $7.59. The company has a market capitalization of $758.08 million, a PE ratio of -11.46 and a beta of 1.69.

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

Insider Transactions at ACV Auctions

In other news, CEO George Chamoun acquired 24,272 shares of the company’s stock in a transaction on Monday, March 9th. The shares were bought at an average price 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. This trade represents a 0.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of ACV Auctions

Several institutional investors and hedge funds have recently made changes to their positions in ACVA. Rockefeller Capital Management L.P. boosted its position in shares of ACV Auctions by 42,271.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,135 shares of the company’s stock valued at $105,000 after purchasing an additional 13,104 shares during the period. Corient Private Wealth LLC acquired a new position in ACV Auctions during the fourth quarter worth approximately $89,000. Alpine Global Management LLC purchased a new stake in ACV Auctions in the fourth quarter valued at approximately $88,000. Virtu Financial LLC purchased a new stake in ACV Auctions in the fourth quarter valued at approximately $96,000. Finally, Invesco Ltd. boosted its holdings in shares of ACV Auctions by 11.3% in the fourth quarter. Invesco Ltd. now owns 182,256 shares of the company’s stock valued at $1,462,000 after acquiring an additional 18,573 shares during the period. 88.55% of the stock is owned by hedge funds and other institutional investors.

ACV Auctions Company Profile

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.