Are ACV Auctions Inc. (NASDAQ:ACVA) shares too expensive at this price?

As of close of business last night, ACV Auctions Inc.’s stock clocked out at 8.47, down -0.12% from its previous closing price of $8.48. In other words, the price has decreased by $-0.01 from its previous closing price. On the day, 1008926 shares were traded. ACVA reached its highest trading level at $8.52 during the session, while it also had its lowest trading level at $8.18.

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Ratios:

To gain a deeper understanding of ACVA’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.10 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.

Upgrades & Downgrades

On June 10, 2022, Barrington Research started tracking the stock assigning a Outperform rating and target price of $18.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 02 when Waterman Michael sold 2,931 shares for $12.75 per share. The transaction valued at 37,370 led to the insider holds 66,964 shares of the business.

Anderson Craig Eric sold 16,535 shares of ACVA for $332,023 on Dec 13. The CCDSO and Chief Legal Officer now owns 0 shares after completing the transaction at $20.08 per share. On Dec 10, another insider, Anderson Craig Eric, who serves as the CCDSO and Chief Legal Officer of the company, sold 1,900 shares for $20.00 each. As a result, the insider received 38,000 and left with 0 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.53 while its Price-to-Book (P/B) ratio in mrq is 2.57.

Stock Price History:

Over the past 52 weeks, ACVA has reached a high of $22.82, while it has fallen to a 52-week low of $6.10. The 50-Day Moving Average of the stock is 8.03, while the 200-Day Moving Average is calculated to be 11.62.

Shares Statistics:

It appears that ACVA traded 1.46M shares on average per day over the past three months and 1.38M shares per day over the past ten days. A total of 156.70M shares are outstanding, with a floating share count of 113.62M. Insiders hold about 1.00% of the company’s shares, while institutions hold 91.30% stake in the company. Shares short for ACVA as of Jul 14, 2022 were 7.4M with a Short Ratio of 5.01, compared to 4.28M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.71% and a Short% of Float of 6.60%.

Earnings Estimates

As of right now, 13 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $-0.18 for the current quarter, with a high estimate of $-0.12 and a low estimate of $-0.2, while EPS last year was $-0.06. The consensus estimate for the next quarter is $-0.16, with high estimates of $-0.1 and low estimates of $-0.19.

Analysts are recommending an EPS of between $-0.6 and $-0.77 for the fiscal current year, implying an average EPS of $-0.71. EPS for the following year is $-0.52, with 13 analysts recommending between $-0.17 and $-0.69.

Revenue Estimates

In the current quarter, 15 analysts expect revenue to total $111.35M. It ranges from a high estimate of $115.38M to a low estimate of $109.7M. As of the current estimate, ACV Auctions Inc.’s year-ago sales were $75.24M, an estimated increase of 48.00% from the year-ago figure.

A total of 16 analysts have provided revenue estimates for ACVA’s current fiscal year. The highest revenue estimate was $459.8M, while the lowest revenue estimate was $451.72M, resulting in an average revenue estimate of $456M. In the same quarter a year ago, actual revenue was $358.44M, up 27.20% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $586.03M in the next fiscal year. The high estimate is $632.4M and the low estimate is $506.79M. The average revenue growth estimate for next year is up 28.50% from the average revenue estimate for this year.