As of close of business last night, ACV Auctions Inc’s stock clocked out at $17.75, up 0.06% from its previous closing price of $17.74. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 1316164 shares were traded.
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 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.28.
On July 20, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $23.
JP Morgan Downgraded its Overweight to Neutral on July 13, 2023, while the target price for the stock was maintained at $17.
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 Feb 28 when Anderson Craig Eric sold 5,000 shares for $18.00 per share. The transaction valued at 90,000 led to the insider holds 202,797 shares of the business.
Mehta Vikas sold 200,000 shares of ACVA for $3,296,000 on Feb 22. The Chief Operating Officer now owns 319,036 shares after completing the transaction at $16.48 per share. On Feb 06, another insider, ZERELLA WILLIAM, who serves as the Chief Financial Officer of the company, sold 32,500 shares for $14.07 each. As a result, the insider received 457,275 and left with 305,579 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 2.91B and an Enterprise Value of 2.61B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.05 while its Price-to-Book (P/B) ratio in mrq is 6.29. Its current Enterprise Value per Revenue stands at 5.43 whereas that against EBITDA is -48.47.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $18.68, while it has fallen to a 52-week low of $11.58. The 50-Day Moving Average of the stock is 14.45, while the 200-Day Moving Average is calculated to be 15.55.
Shares Statistics:
It appears that ACVA traded 1.15M shares on average per day over the past three months and 1.91M shares per day over the past ten days. A total of 138.64M shares are outstanding, with a floating share count of 136.04M. Insiders hold about 17.00% of the company’s shares, while institutions hold 80.99% stake in the company. Shares short for ACVA as of Feb 15, 2024 were 9.43M with a Short Ratio of 8.20, compared to 7.67M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.75% and a Short% of Float of 7.87%.
Earnings Estimates
As of right now, 10 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.1, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.04 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.29 and -$0.36 for the fiscal current year, implying an average EPS of -$0.34. EPS for the following year is $0.06, with 10 analysts recommending between $0.43 and -$0.15.
Revenue Estimates
In the current quarter, 12 analysts expect revenue to total $144.05M. It ranges from a high estimate of $146M to a low estimate of $141.99M. As of the current estimate, ACV Auctions Inc’s year-ago sales were $119.63M, an estimated increase of 20.40% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $158.75M, an increase of 27.80% over than the figure of $20.40% in the same quarter last year. There is a high estimate of $171M for the next quarter, whereas the lowest estimate is $150.06M.
A total of 12 analysts have provided revenue estimates for ACVA’s current fiscal year. The highest revenue estimate was $619.48M, while the lowest revenue estimate was $596.96M, resulting in an average revenue estimate of $613.48M. In the same quarter a year ago, actual revenue was $481.23M, up 27.50% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $773.75M in the next fiscal year. The high estimate is $832M and the low estimate is $659.17M. The average revenue growth estimate for next year is up 26.10% from the average revenue estimate for this year.
