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ACV Auctions Inc (NASDAQ: ACVA) closed the day trading at $20.67 up 2.07% from the previous closing price of $20.25. In other words, the price has increased by $2.07 from its previous closing price. On the day, 1.46 million shares were traded. ACVA stock price reached its highest trading level at $21.015 during the session, while it also had its lowest trading level at $20.51.
Ratios:
For a better understanding of ACVA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1784.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
On January 10, 2024, Northcoast Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $22.
On July 20, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $23.B. Riley Securities initiated its Buy rating on July 20, 2023, with a $23 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when Chamoun George sold 238,637 shares for $20.37 per share. The transaction valued at 4,861,036 led to the insider holds 928,166 shares of the business.
Chamoun George sold 111,363 shares of ACVA for $2,257,328 on Sep 17 ’24. The Chief Executive Officer now owns 928,166 shares after completing the transaction at $20.27 per share. On Sep 17 ’24, another insider, Waterman Michael, who serves as the Chief Sales Officer of the company, sold 75,000 shares for $20.24 each. As a result, the insider received 1,518,000 and left with 366,710 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 3443332608 and an Enterprise Value of 3312039936. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.33 while its Price-to-Book (P/B) ratio in mrq is 7.50. Its current Enterprise Value per Revenue stands at 6.092 whereas that against EBITDA is -50.106.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $20.82, while it has fallen to a 52-week low of $12.84. The 50-Day Moving Average of the stock is 13.84%, while the 200-Day Moving Average is calculated to be 21.55%.
Shares Statistics:
Over the past 3-months, ACVA traded about 1.40M shares per day on average, while over the past 10 days, ACVA traded about 1978260 shares per day. A total of 166.59M shares are outstanding, with a floating share count of 146.79M. Insiders hold about 11.88% of the company’s shares, while institutions hold 91.29% stake in the company. Shares short for ACVA as of 1724976000 were 8324856 with a Short Ratio of 5.93, compared to 1722384000 on 10017372. Therefore, it implies a Short% of Shares Outstanding of 8324856 and a Short% of Float of 5.510000000000001.
Earnings Estimates
ACV Auctions Inc (ACVA) is currently under the scrutiny of 10.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.11 and low estimates of -$0.16.
Analysts are recommending an EPS of between -$0.44 and -$0.52 for the fiscal current year, implying an average EPS of -$0.48. EPS for the following year is -$0.05, with 10.0 analysts recommending between $0.08 and -$0.18.
Revenue Estimates
12 analysts predict $160.04M in revenue for the current quarter. It ranges from a high estimate of $161.04M to a low estimate of $157.7M. As of the current estimate, ACV Auctions Inc’s year-ago sales were $119.01MFor the next quarter, 12 analysts are estimating revenue of $155.56M. There is a high estimate of $158.58M for the next quarter, whereas the lowest estimate is $153.24M.
A total of 12 analysts have provided revenue estimates for ACVA’s current fiscal year. The highest revenue estimate was $624.38M, while the lowest revenue estimate was $618.8M, resulting in an average revenue estimate of $621.87M. In the same quarter a year ago, actual revenue was $481.23MBased on 12 analysts’ estimates, the company’s revenue will be $792.33M in the next fiscal year. The high estimate is $833M and the low estimate is $750.4M.
