ACV Auctions Inc (NASDAQ: ACVA) is 20.40% higher on its value in year-to-date trading and has touched a low of $11.58 and a high of $19.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACVA stock was last observed hovering at around $17.96 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $18.24, the stock is -0.95% and 8.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing 1.56% at the moment leaves the stock 16.42% off its SMA200. ACVA registered 49.51% gain for a year compared to 6-month gain of 20.40%. The firm has a 50-day simple moving average (SMA 50) of $5.60 and a 200-day simple moving average (SMA200) of -$49.99.
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The stock witnessed a 3.58% loss in the last 1 month and extending the period to 3 months gives it a 25.71%, and is -0.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.27% over the week and 3.42% over the month.
ACV Auctions Inc (ACVA) has around 2170 employees, a market worth around $2.99B and $481.23M in sales. Fwd P/E is 41.41. Profit margin for the company is -15.64%. Distance from 52-week low is 57.51% and -6.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.83%).
ACV Auctions Inc quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $144.03M over the same period.The EPS is expected to grow by 159.25% this year, but quarterly earnings will post 27.40% year-over-year. Quarterly sales are estimated to grow 20.40% in year-over-year returns.
277 institutions hold shares in ACV Auctions Inc (ACVA), with institutional investors hold 97.57% of the company’s shares. The shares outstanding are 138.64M, and float is at 136.60M with Short Float at 6.59%. Institutions hold 95.99% of the Float.
The top institutional shareholder in the company is ArrowMark Colorado Holdings LLC with over 13.4 million shares valued at $231.41 million. The investor’s holdings represent 9.92% of the ACVA Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 11.8 million shares valued at $203.76 million to account for 8.73% of the shares outstanding. The other top investors are FMR, LLC which holds 10.75 million shares representing 7.96% and valued at over $185.7 million, while Atreides Management, LP holds 7.58% of the shares totaling 10.23 million with a market value of $176.75 million.
ACV Auctions Inc (ACVA) Insider Activity
The most recent transaction is an insider sale by Anderson Craig Eric, the company’s CCDSO. SEC filings show that Anderson Craig Eric sold 7,500 shares of the company’s common stock on Apr 09 ’24 at a price of $18.50 per share for a total of $0.14 million. Following the sale, the insider now owns 0.19 million shares.
ACV Auctions Inc disclosed in a document filed with the SEC on Apr 04 ’24 that Mehta Vikas (Chief Operating Officer) sold a total of 13,399 shares of the company’s common stock. The trade occurred on Apr 04 ’24 and was made at $18.55 per share for $0.25 million. Following the transaction, the insider now directly holds 0.32 million shares of the ACVA stock.
Still, SEC filings show that on Apr 03 ’24, Mehta Vikas (Chief Operating Officer) disposed off 108,342 shares at an average price of $18.40 for $1.99 million. The insider now directly holds 321,475 shares of ACV Auctions Inc (ACVA).
