The price of ACV Auctions Inc. (NASDAQ: ACVA) closed at $17.30 in the last session, down -2.04% from day before closing price of $17.66. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 1015572 shares were traded.
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Ratios:
We take a closer look at ACVA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.
Upgrades & Downgrades
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 16 when ZERELLA WILLIAM sold 67,500 shares for $16.25 per share. The transaction valued at 1,096,875 led to the insider holds 333,567 shares of the business.
GOODMAN ROBERT P sold 238,643 shares of ACVA for $3,818,288 on May 12. The Director now owns 276,550 shares after completing the transaction at $16.00 per share. On May 12, another insider, GOODMAN ROBERT P, who serves as the Director of the company, sold 61,357 shares for $16.00 each. As a result, the insider received 981,712 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACVA now has a Market Capitalization of 2.57B and an Enterprise Value of 2.15B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.22 while its Price-to-Book (P/B) ratio in mrq is 5.71. Its current Enterprise Value per Revenue stands at 4.91 whereas that against EBITDA is -27.80.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $18.02, while it has fallen to a 52-week low of $6.10. The 50-Day Moving Average of the stock is 13.49, while the 200-Day Moving Average is calculated to be 10.19.
Shares Statistics:
According to the various share statistics, ACVA traded on average about 1.28M shares per day over the past 3-months and 2.44M shares per day over the past 10 days. A total of 158.69M shares are outstanding, with a floating share count of 124.72M. Insiders hold about 1.00% of the company’s shares, while institutions hold 94.50% stake in the company. Shares short for ACVA as of Apr 27, 2023 were 9.03M with a Short Ratio of 9.03M, compared to 9.58M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.67% and a Short% of Float of 8.39%.
Earnings Estimates
The company has 12 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.16, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.11 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.45 and -$0.61 for the fiscal current year, implying an average EPS of -$0.54. EPS for the following year is -$0.27, with 12 analysts recommending between -$0.12 and -$0.47.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $119.34M. It ranges from a high estimate of $123.82M to a low estimate of $116M. As of the current estimate, ACV Auctions Inc.’s year-ago sales were $115.07M, an estimated increase of 3.70% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $118.78M, an increase of 12.70% over than the figure of $3.70% in the same quarter last year. There is a high estimate of $122.15M for the next quarter, whereas the lowest estimate is $115.91M.
A total of 12 analysts have provided revenue estimates for ACVA’s current fiscal year. The highest revenue estimate was $590M, while the lowest revenue estimate was $467.34M, resulting in an average revenue estimate of $485.15M. In the same quarter a year ago, actual revenue was $421.53M, up 15.10% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $593.96M in the next fiscal year. The high estimate is $657.1M and the low estimate is $530.6M. The average revenue growth estimate for next year is up 22.40% from the average revenue estimate for this year.
