Analysts' ratings for ACV Auctions ACVA over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 4 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $23.2, with a high estimate of $25.00 and a low estimate of $21.00. This upward trend is evident, with the current average reflecting a 5.45% increase from the previous average price target of $22.00.
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 |
|---|---|---|---|---|---|
| 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 |
| 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: Analysts navigate through adjustments in price targets, providing estimates for ACV Auctions's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of ACV Auctions's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on ACV Auctions analyst ratings.
Delving into ACV Auctions's Background
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.
ACV Auctions: Financial Performance Dissected
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, ACV Auctions showcased positive performance, achieving a revenue growth rate of 29.31% as of 30 June, 2024. This reflects 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 lags behind industry averages, suggesting 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): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -3.73%, the company may need to address challenges in generating satisfactory 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 at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
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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