ACV Auctions (NASDAQ:ACVA) Director Robert Goodman Buys 912,408 Shares

ACV Auctions Inc. (NASDAQ:ACVA) Director Robert Goodman purchased 912,408 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $5.61 per share, for a total transaction of $5,118,608.88. Following the purchase, the director owned 912,408 shares of the company’s stock, valued at $5,118,608.88. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ACV Auctions Stock Performance

ACV Auctions stock opened at $5.50 on Thursday. The company’s 50-day moving average price is $9.26 and its 200-day moving average price is $12.97. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.28. The company has a market cap of $946.07 million, a PE ratio of -11.22 and a beta of 1.63. ACV Auctions Inc. has a twelve month low of $4.95 and a twelve month high of $23.46.

ACV Auctions (NASDAQ:ACVA) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%.The company had revenue of $199.56 million during the quarter, compared to analyst estimates of $200.26 million. During the same quarter last year, the business posted $0.04 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. ACV Auctions has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts forecast that ACV Auctions Inc. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACVA has been the topic of several analyst reports. Barrington Research downgraded ACV Auctions from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 6th. Jefferies Financial Group cut their price objective on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 17th. Stephens reduced their target price on shares of ACV Auctions from $16.00 to $11.50 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lowered their target price on shares of ACV Auctions from $18.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Needham & Company LLC dropped their price target on shares of ACV Auctions from $14.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.95.

Institutional Trading of ACV Auctions

Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in ACV Auctions during the 4th quarter valued at about $392,000. Teacher Retirement System of Texas acquired a new stake in ACV Auctions in the first quarter worth about $315,000. Bank of New York Mellon Corp grew its stake in shares of ACV Auctions by 6.7% during the first quarter. Bank of New York Mellon Corp now owns 1,095,964 shares of the company’s stock worth $15,442,000 after acquiring an additional 68,513 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of ACV Auctions by 6.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,084,830 shares of the company’s stock valued at $128,005,000 after acquiring an additional 510,680 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its position in shares of ACV Auctions by 46.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 14,885 shares of the company’s stock valued at $210,000 after purchasing an additional 4,696 shares during the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

ACV Auctions Company Profile

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company’s marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green’s seller assurance service for against claims related to defects in the vehicle.