The price of ACV Auctions Inc (NASDAQ:ACVA) shares last traded on Wall Street rose 7.39% to $15.69.
ACVA stock price is now -16.22% away from the 50-day moving average and -17.75% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.
With the price target enhanced from $18 to $20, Piper Sandler Upgraded its rating from Neutral to Overweight for ACV Auctions Inc (NASDAQ: ACVA). On March 12, 2025, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $22 to quote $20, while ‘Stephens’ rates the stock as ‘Equal-Weight’
In other news, GEORGE G CHAMOUN, Director bought 350,000 shares of the company’s stock on Mar 19 ’25. The stock was bought for $4,935,000 at an average price of $14.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’25, Chief Financial Officer ZERELLA WILLIAM sold 15,000 shares of the business’s stock. A total of $202,950 was realized by selling the stock at an average price of $13.53. This leaves the insider owning 766,266 shares of the company worth $12.02 million. A total of 4.70% of the company’s stock is owned by insiders.
During the past 12 months, ACV Auctions Inc has had a low of $12.77 and a high of $23.46. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.56, and a quick ratio of 1.56. The fifty day moving average price for ACVA is $18.7266 and a two-hundred day moving average price translates $19.07645 for the stock.
The latest earnings results from ACV Auctions Inc (NASDAQ: ACVA) was released for 2024-12-31. The net profit margin was -12.51% and return on equity was -17.78% for ACVA. The company reported revenue of $159.51 million for the quarter, compared to $118.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.75 percent.
