5 Analysts Have This To Say About ACV Auctions

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Throughout the last three months, 5 analysts have evaluated ACV Auctions ACVA, offering a diverse set of opinions from bullish to bearish.

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 3 1 0 0
Last 30D 1 1 1 0 0
1M Ago 0 2 0 0 0
2M Ago 0 0 0 0 0
3M Ago 0 0 0 0 0

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $20.8, a high estimate of $23.00, and a low estimate of $16.00. This upward trend is evident, with the current average reflecting a 2.31% increase from the previous average price target of $20.33.

Exploring Analyst Ratings: An In-Depth Overview

In examining recent analyst actions, we gain insights into how financial experts perceive ACV Auctions. The following summary 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
Gary Prestopino Barrington Research Maintains Outperform $23.00 $23.00
Alexander Potter Piper Sandler Raises Neutral $16.00 $15.00
Chris Pierce Needham Maintains Buy $23.00 -
Gary Prestopino Barrington Research Maintains Outperform $23.00 $23.00
Nicholas Jones JMP Securities Maintains Market Outperform $19.00 -

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ACV Auctions. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey 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.

Capture valuable insights into ACV Auctions's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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.

Understanding the Numbers: ACV Auctions's Finances

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Positive Revenue Trend: Examining ACV Auctions's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 20.83% as of 31 December, 2023, showcasing a substantial increase in 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 standards, pointing towards difficulties in achieving strong profitability. With a net margin of -19.63%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): ACV Auctions's ROE stands out, surpassing industry averages. With an impressive ROE of -5.03%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): ACV Auctions's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.47%, the company may encounter challenges in delivering satisfactory returns from its assets.

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.

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 also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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

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