ACV Auctions Inc (NASDAQ: ACVA) is -0.32% lower on its value in year-to-date trading and has touched a low of $12.84 and a high of $23.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACVA stock was last observed hovering at around $21.37 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $21.53, the stock is 1.38% and 1.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 0.75% at the moment leaves the stock 13.25% off its SMA200. ACVA registered 57.33% gain for a year compared to 6-month gain of 17.20%. The firm has a 50-day simple moving average (SMA 50) of $21.2944 and a 200-day simple moving average (SMA200) of $19.0109.
The stock witnessed a 1.41% loss in the last 1 month and extending the period to 3 months gives it a 11.79%, and is 3.76% 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 2.76% over the week and 4.41% over the month.
ACV Auctions Inc (ACVA) has around 2170 employees, a market worth around $3.61B and $596.02M in sales. Fwd P/E is 65.97. Profit margin for the company is -12.89%. Distance from 52-week low is 67.68% and -8.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.61%).
with sales reaching $155.75M over the same period.The EPS is expected to grow by 158.19% this year, but quarterly earnings will post 31.61% year-over-year. Quarterly sales are estimated to grow 31.57% in year-over-year returns.
ACV Auctions Inc (ACVA) Top Institutional Holders
313.0 institutions hold shares in ACV Auctions Inc (ACVA), with institutional investors hold 100.75% of the company’s shares. The shares outstanding are 157.72M, and float is at 153.30M with Short Float at 6.04%. Institutions hold 99.61% of the Float.
The top institutional shareholder in the company is FMR LLC with over 17.32 million shares valued at $316.14 million. The investor’s holdings represent 10.6346% of the ACVA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.26 million shares valued at $241.99 million to account for 8.1403 of the shares outstanding. The other top investors are ARROWMARK COLORADO HOLDINGS LLC which holds 12.63 million shares representing 7.7551% and valued at over $230.54 million, while BLACKROCK INC. holds 6.7009 of the shares totaling 10.92 million with a market value of $199.2 million.
ACV Auctions Inc (ACVA) Insider Activity
The most recent transaction is an insider sale by ZERELLA WILLIAM, the company’s Chief Financial Officer. SEC filings show that ZERELLA WILLIAM sold 15,000 shares of the company’s common stock on Jan 07 ’25 at a price of $20.57 per share for a total of $0.31 million. Following the sale, the insider now owns 0.46 million shares.
ACV Auctions Inc disclosed in a document filed with the SEC on Jan 07 ’25 that Waterman Michael (Chief Sales Officer) sold a total of 30,162 shares of the company’s common stock. The trade occurred on Jan 07 ’25 and was made at $20.53 per share for $0.62 million. Following the transaction, the insider now directly holds 0.31 million shares of the ACVA stock.
Still, SEC filings show that on Jan 08 ’25, Waterman Michael (Chief Sales Officer) disposed off 9,985 shares at an average price of $20.24 for $0.2 million. The insider now directly holds 311,354 shares of ACV Auctions Inc (ACVA).
