Raymond James has recently resumed ACV Auctions Inc (ACVA) stock to Mkt Perform rating, as announced on September 27, 2024, according to Finviz. Earlier, on June 10, 2024, JP Morgan had raised the stock from a Neutral to Overweight, setting a price target of $21. Northcoast also raised Buy rating with a price target of $22. Additionally, B. Riley Securities initiated Buy rating on July 20, 2023, with a target price of $23. JP Morgan analysts, in their report published on July 13, 2023, also reduced Neutral rating and set a price target of $17 for ACV Auctions Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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ACV Auctions Inc (ACVA) Stock Trading Recap
On Tuesday, ACV Auctions Inc (ACVA) stock saw a decline, ending the day at $19.77 which represents a decrease of $-0.56 or -2.75% from the prior close of $20.33. The stock opened at $20.28 and touched a low of $19.73 during the day, reaching a high of $20.28. The volume of shares traded was 1.21 million falling short of the average volume of 1.36 million.
ACVA Stock Performance and Moving Averages
In recent trading, ACV Auctions Inc (ACVA) stock price has shown some volatility, fluctuating -5.50% over the last five trades and 5.67% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 8.39%, and it has gained 10.02% in the previous three months. Currently, ACVA is trading at -0.30%, 6.39%, and 14.66% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ACVA, a Consumer Cyclical sector stock, is trading -6.33% below its 52-week high but remains 53.97% above its 52-week low. The Average True Range (ATR) (14 days) of 0.62 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
ACV Auctions Inc’s Profitability and Valuation Ratios
ACV Auctions Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -15.58% and a profit margin of -14.53%, with a gross margin of 8.39%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, ACV Auctions Inc’s market capitalization stands at $3.29 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 47.76. Additionally, the Price-to-Sales Ratio is 6.06, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 7.17, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 11.88% of ACV Auctions Inc (ACVA)’s shares, while financial institutions hold 91.30%.
Notable insider trades include Chamoun George, Chief Executive Officer at ACV Auctions Inc (ACVA), who sold 238637 shares on Sep 18 ’24, at $20.37 each, totaling $4.86 million. On Sep 17 ’24, Chamoun George, Chief Executive Officer, sold 111363 shares for $20.27 each, amounting to $2.26 million. Additionally, on Sep 17 ’24, Waterman Michael sold 75000 shares at $20.24 each, generating $1.52 million.
