The Analyst Verdict: ACV Auctions In The Eyes Of 9 Experts
9 analysts have expressed a variety of opinions on ACV Auctions (NASDAQ:ACVA) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 5 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 4 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for ACV Auctions, presenting an average target of $21.44, a high estimate of $23.00, and a low estimate of $16.00. This current average has increased by 0.7% from the previous average price target of $21.29.
Understanding Analyst Ratings: A Comprehensive Breakdown
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 |
|---|---|---|---|---|---|
| Chris Pierce | Needham | Maintains | Buy | $23.00 | $23.00 |
| Chris Pierce | Needham | Maintains | Buy | $23.00 | $23.00 |
| Gary Prestopino | Barrington Research | Maintains | Outperform | $23.00 | $23.00 |
| Nicholas Jones | JMP Securities | Raises | Market Outperform | $20.00 | $19.00 |
| 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: 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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ACV Auctions compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of ACV Auctions's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on ACV Auctions analyst ratings.
All You Need to Know About ACV Auctions
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: A Financial Overview
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, ACV Auctions showcased positive performance, achieving a revenue growth rate of 21.79% as of 31 March, 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 is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -14.05%, the company may face hurdles in effective cost management.
Return on Equity (ROE): ACV Auctions's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -4.48% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): ACV Auctions's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.08%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: ACV Auctions's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.27.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.