After finishing at $18.77 in the prior trading day, ACV Auctions Inc (NASDAQ: ACVA) closed at $18.28, down -2.61%. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 958874 shares were traded.
Ratios:
Our goal is to gain a better understanding of ACVA by taking a closer look at 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:
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 Mar 28 ’24 when Anderson Craig Eric sold 5,000 shares for $19.07 per share. The transaction valued at 95,350 led to the insider holds 202,797 shares of the business.
Chamoun George sold 120,062 shares of ACVA for $2,297,987 on Mar 21 ’24. The Chief Executive Officer now owns 597,921 shares after completing the transaction at $19.14 per share. On Mar 20 ’24, another insider, Chamoun George, who serves as the Chief Executive Officer of the company, sold 77,198 shares for $18.73 each. As a result, the insider received 1,445,919 and left with 597,921 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 2.99B and an Enterprise Value of 2.70B. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.23 while its Price-to-Book (P/B) ratio in mrq is 6.48. Its current Enterprise Value per Revenue stands at 5.61 whereas that against EBITDA is -50.08.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $19.54, while it has fallen to a 52-week low of $11.58. The 50-Day Moving Average of the stock is 16.22, while the 200-Day Moving Average is calculated to be 15.57.
Shares Statistics:
The stock has traded on average 1.26M shares per day over the past 3-months and 985.91k shares per day over the last 10 days, according to various share statistics. A total of 138.64M shares are outstanding, with a floating share count of 136.53M. Insiders hold about 16.69% of the company’s shares, while institutions hold 81.01% stake in the company. Shares short for ACVA as of Mar 15, 2024 were 9.89M with a Short Ratio of 7.83, compared to 9.43M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.03% and a Short% of Float of 8.26%.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. 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
13 analysts predict $144.03M in revenue for the current quarter. 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, 13 analysts are estimating revenue of $158.41M, an increase of 27.50% 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 13 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 $613.14M. In the same quarter a year ago, actual revenue was $481.23M, up 27.40% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $770.34M 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 25.60% from the average revenue estimate for this year.
