ACV Auctions (NASDAQ:ACVA) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

ACV Auctions (NASDAQ:ACVA) issued its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01, Zacks reports. The firm had revenue of $159.51 million for the quarter, compared to analyst estimates of $156.77 million. ACV Auctions had a negative net margin of 12.51% and a negative return on equity of 12.81%. ACV Auctions updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

ACV Auctions Stock Performance

Shares of ACVA stock opened at $18.59 on Friday. ACV Auctions has a 52-week low of $13.66 and a 52-week high of $23.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a fifty day moving average of $21.22 and a 200-day moving average of $20.12.

Insider Activity

In other news, insider Michael Waterman sold 15,000 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $20.27, for a total value of $304,050.00. Following the completion of the transaction, the insider now owns 311,354 shares in the company, valued at approximately $6,311,145.58. This represents a 4.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William Zerella sold 32,500 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $21.65, for a total transaction of $703,625.00. Following the sale, the chief financial officer now owns 490,482 shares of the company’s stock, valued at $10,618,935.30. This trade represents a 6.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,162 shares of company stock worth $2,663,776. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ACVA has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on shares of ACV Auctions from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC dropped their price target on shares of ACV Auctions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday. JMP Securities reissued a “market outperform” rating and issued a $25.00 price target on shares of ACV Auctions in a research report on Monday, December 16th. Citigroup lifted their price target on shares of ACV Auctions from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, B. Riley lifted their price target on shares of ACV Auctions from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.35.

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.