ACV Auctions Inc [ACVA] stock prices are up 3.03% to $22.09 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ACVA shares have gain 3.90% over the last week, with a monthly amount glided 5.49%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
ACV Auctions Inc [NASDAQ: ACVA] stock has seen the most recent analyst activity on January 22, 2025, when Stephens initiated its Equal-Weight rating and assigned the stock a price target of $20.50. On June 10, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $21 on the stock. Northcoast upgraded its rating to a Buy but stick to its price target of $22 on January 10, 2024. B. Riley Securities initiated its recommendation with a Buy and recommended $23 as its price target on July 20, 2023. JP Morgan downgraded its rating to Neutral for this stock on July 13, 2023, but kept the price target unchanged to $17. In a note dated February 16, 2023, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $11.
The stock price of ACV Auctions Inc [ACVA] has been fluctuating between $12.84 and $23.46 over the past year. Currently, Wall Street analysts expect the stock to reach $20.33 within the next 12 months. ACV Auctions Inc [NASDAQ: ACVA] shares were valued at $22.09 at the most recent close of the market. An investor can expect a potential drop of -7.97% based on the average ACVA price forecast.
Analyzing the ACVA fundamentals
The ACV Auctions Inc [NASDAQ:ACVA] reported sales of 596.02M for trailing twelve months, representing a surge of 43.96%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.17 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.51 points at the first support level, and at 20.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.46, and for the 2nd resistance point, it is at 22.83.
Ratios To Look Out For
It’s worth pointing out that ACV Auctions Inc [NASDAQ:ACVA]’s Current Ratio is 1.51. On the other hand, the Quick Ratio is 1.51, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 6.21, the price to book ratio is 8.09.
Transactions by insiders
Recent insider trading involved ZERELLA WILLIAM, Chief Financial Officer, that happened on Jan 07 ’25 when 15000.0 shares were sold. Chief Sales Officer, Waterman Michael completed a deal on Jan 07 ’25 to sell 30162.0 shares. Meanwhile, Chief Sales Officer Waterman Michael sold 9985.0 shares on Jan 08 ’25.
