9 Analysts Have This To Say About ACV Auctions

Comments
Loading...

In the preceding three months, 9 analysts have released ratings for ACV Auctions ACVA, presenting a wide array of perspectives from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 5 2 2 0 0
Last 30D 0 0 1 0 0
1M Ago 1 0 0 0 0
2M Ago 3 1 0 0 0
3M Ago 1 1 1 0 0

Analysts have recently evaluated ACV Auctions and provided 12-month price targets. The average target is $24.5, accompanied by a high estimate of $28.00 and a low estimate of $18.00. This current average has increased by 5.97% from the previous average price target of $23.12.

price target chart

Interpreting Analyst Ratings: A Closer Look

A comprehensive examination of how financial experts perceive ACV Auctions is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Daniel Imbro Stephens & Co. Announces Equal-Weight $20.50 -
Chris Pierce Needham Raises Buy $28.00 $26.00
Andrew Boone JMP Securities Maintains Market Outperform $25.00 $25.00
Ronald Josey Citigroup Raises Buy $27.00 $22.00
Naved Khan B. Riley Securities Raises Buy $27.00 $24.00
Chris Pierce Needham Maintains Buy $26.00 $26.00
Chris Pierce Needham Raises Buy $26.00 $23.00
Alexander Potter Piper Sandler Raises Neutral $18.00 $16.00
Gary Prestopino Barrington Research Maintains Outperform $23.00 $23.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ACV Auctions. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of ACV Auctions compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ACV Auctions's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on ACV Auctions analyst ratings.

About ACV Auctions

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 displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 43.96%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: ACV Auctions's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -9.36%, the company may face hurdles in effective cost management.

Return on Equity (ROE): ACV Auctions's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -3.51%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): ACV Auctions's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -1.57%, the company may face hurdles in achieving optimal financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.25, ACV Auctions adopts a prudent financial strategy, indicating a balanced approach to debt management.

The Significance of Analyst Ratings Explained

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

Breaking: Wall Street's Next Big Mover

Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!