ACV Auctions (NASDAQ:ACVA) Sees Unusually-High Trading Volume – Still a Buy?

ACV Auctions Inc. (NASDAQ:ACVA) saw unusually-high trading volume on Friday . Approximately 5,052,597 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 2,466,617 shares.The stock last traded at $5.2680 and had previously closed at $5.09.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JMP Securities cut their price objective on ACV Auctions from $20.00 to $18.00 and set a “market outperform” rating for the company in a report on Tuesday, August 12th. JPMorgan Chase & Co. reduced their price target on ACV Auctions from $18.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday. Barrington Research downgraded ACV Auctions from an “outperform” rating to a “market perform” rating in a report on Thursday. Jefferies Financial Group dropped their price target on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Finally, Needham & Company LLC decreased their price objective on shares of ACV Auctions from $14.00 to $9.00 and set a “buy” rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

ACV Auctions Trading Up 3.8%

The company’s fifty day moving average price is $9.74 and its two-hundred day moving average price is $13.23. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28. The firm has a market cap of $909.59 million, a P/E ratio of -10.79 and a beta of 1.63.

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

Institutional Trading of ACV Auctions

Several large investors have recently bought and sold shares of ACVA. Brighton Jones LLC raised its position in ACV Auctions by 2.1% during the 2nd quarter. Brighton Jones LLC now owns 40,703 shares of the company’s stock worth $660,000 after purchasing an additional 823 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of ACV Auctions by 6.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 15,845 shares of the company’s stock worth $257,000 after purchasing an additional 960 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of ACV Auctions by 5.7% during the 2nd quarter. SG Americas Securities LLC now owns 27,302 shares of the company’s stock valued at $443,000 after purchasing an additional 1,467 shares during the period. Covestor Ltd boosted its position in shares of ACV Auctions by 39.9% during the 3rd quarter. Covestor Ltd now owns 5,785 shares of the company’s stock valued at $57,000 after acquiring an additional 1,649 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of ACV Auctions by 13.8% during the second quarter. Bank of Montreal Can now owns 14,384 shares of the company’s stock worth $233,000 after acquiring an additional 1,746 shares in the last quarter. 88.55% of the stock is owned by institutional investors and hedge funds.

About ACV Auctions

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.