ACV Auctions Inc (NASDAQ: ACVA) is 22.90% higher on its value in year-to-date trading and has touched a low of $12.84 and a high of $19.63 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 $18.57 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $18.62, the stock is 7.67% and 5.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 0.27% at the moment leaves the stock 12.57% off its SMA200. ACVA registered 22.74% gain for a year compared to 6-month gain of 30.30%.
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The stock witnessed a 1.14% loss in the last 1 month and extending the period to 3 months gives it a 0.00%, and is 5.14% up 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 3.34% over the week and 4.75% over the month.
ACV Auctions Inc (ACVA) has around 2170 employees, a market worth around $3.10B and $543.70M in sales. Fwd P/E is 41.97. Profit margin for the company is -14.53%. Distance from 52-week low is 45.02% and -5.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.26%).
The EPS is expected to grow by 141.41% this year.
ACV Auctions Inc (ACVA) Top Institutional Holders
271.0 institutions hold shares in ACV Auctions Inc (ACVA), with institutional investors hold 102.61% of the company’s shares. The shares outstanding are 166.59M, and float is at 146.44M with Short Float at 6.84%. Institutions hold 101.10% of the Float.
The top institutional shareholder in the company is FMR LLC with over 16.7 million shares valued at $$313.38 million. The investor’s holdings represent 10.359 of the ACVA Shares outstanding. As of 2024-03-31, the second largest holder is ARROWMARK COLORADO HOLDINGS LLC with 12.69 million shares valued at $$238.14 million to account for 7.8717 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 12.36 million shares representing 7.6709 and valued at over $$232.06 million, while ATREIDES MANAGEMENT, LP holds 6.8505 of the shares totaling 11.04 million with a market value of $$207.24 million.
ACV Auctions Inc (ACVA) Insider Activity
The most recent transaction is an insider sale by Peer Andrew,the company’sVP, Corporate Controller. SEC filings show that Peer Andrew sold 1,150 shares of the company’s common stock on Aug 15 ’24 at a price of $19.00 per share for a total of $21850.0. Following the sale, the insider now owns 8336.0 shares.
Still, SEC filings show that on Aug 16 ’24, Bessemer Venture Partners IX L (Director) Proposed Sale 275,070 shares at an average price of $18.62 for $5.12 million. The insider now directly holds shares of ACV Auctions Inc (ACVA).
