7 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 provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $23.29, a high estimate of $26.00, and a low estimate of $18.00. Witnessing a positive shift, the current average has risen by 7.28% from the previous average price target of $21.71.
Interpreting Analyst Ratings: A Closer Look
The standing of ACV Auctions among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines 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 | $26.00 | $26.00 |
| Chris Pierce | Needham | Raises | Buy | $26.00 | $23.00 |
| Alexander Potter | Piper Sandler | Raises | Neutral | $18.00 | $16.00 |
| Gary Prestopino | Barrington Research | Maintains | Outperform | $23.00 | $23.00 |
| John Colantuoni | Jefferies | Raises | Buy | $25.00 | $22.00 |
| Nicholas Jones | JMP Securities | Raises | Market Outperform | $24.00 | $21.00 |
| Nicholas Jones | JMP Securities | Maintains | Market Outperform | $21.00 | $21.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ACV Auctions. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of ACV Auctions compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of ACV Auctions's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into ACV Auctions's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on ACV Auctions analyst ratings.
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.
A Deep Dive into ACV Auctions's Financials
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: ACV Auctions displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 43.96%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: ACV Auctions's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -9.36%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -3.51%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): ACV Auctions's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.57%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.25, ACV Auctions adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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