In the preceding three months, 6 analysts have released ratings for ACV Auctions ACVA, presenting a wide array of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 4 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $22.33, with a high estimate of $25.00 and a low estimate of $18.00. This upward trend is apparent, with the current average reflecting a 6.33% increase from the previous average price target of $21.00.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of ACV Auctions among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Alexander Potter | Piper Sandler | Raises | Neutral | $18.00 | $16.00 |
| Gary Prestopino | Barrington Research | Maintains | Outperform | $23.00 | $23.00 |
| John Colantuoni | Jefferies | Raises | Buy | $25.00 | $22.00 |
| Nicholas Jones | JMP Securities | Raises | Market Outperform | $24.00 | $21.00 |
| Nicholas Jones | JMP Securities | Maintains | Market Outperform | $21.00 | $21.00 |
| Gary Prestopino | Barrington Research | Maintains | Outperform | $23.00 | $23.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to ACV Auctions. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of ACV Auctions compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for ACV Auctions's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of ACV Auctions's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on ACV Auctions analyst ratings.
Discovering ACV Auctions: A Closer Look
ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.
Unraveling the Financial Story of ACV Auctions
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: ACV Auctions's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 29.31%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: ACV Auctions's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -10.62%, the company may face hurdles in effective cost management.
Return on Equity (ROE): ACV Auctions's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -3.73%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): ACV Auctions's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.66%, the company may face hurdles in achieving optimal financial returns.
Debt Management: ACV Auctions's debt-to-equity ratio is below the industry average. With a ratio of 0.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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