In the last trading session, 1.78 million shares of the ACV Auctions Inc (NYSE:ACVA) were traded, and its beta was 1.70. Most recently the company’s share price was $16.36, and it changed around $0.35 or 2.19% from the last close, which brings the market valuation of the company to $2.76B. ACVA currently trades at a discount to its 52-week high of $23.46, offering almost -43.4% off that amount. The share price’s 52-week low was $12.77, which indicates that the current value has risen by an impressive 21.94% since then. We note from ACV Auctions Inc’s average daily trading volume that its 10-day average is 3.41 million shares, with the 3-month average coming to 2.04 million.
ACV Auctions Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.29. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 4 recommended ACVA as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
ACV Auctions Inc (NYSE:ACVA) trade information
Instantly ACVA has showed a green trend with a performance of 2.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 16.38 on recent trading dayincreased the stock’s daily price by 0.12%. The company’s shares are currently down -24.26% year-to-date, but still up 16.03% over the last five days. On the other hand, ACV Auctions Inc (NYSE:ACVA) is -5.54% down in the 30-day period. We can see from the shorts that 10.12 million shares have been sold at a short interest cover period of 5.34 day(s).
The consensus price target as assigned by Wall Street analysts is $20.5, which translates to bulls needing to increase their stock price by 20.2% from its current value. Analyst projections state that ACVA is forecast to be at a low of $16 and a high of $24.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.70%. ACV Auctions Inc earnings are expected to increase by 248.16% in 2025, but the outlook is positive 155.06% per year for the next five years.
ACVA Dividends
ACV Auctions Inc’s next quarterly earnings report is expected to be released on 2025-Feb-18.
ACV Auctions Inc (NYSE:ACVA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.73% of ACV Auctions Inc shares, and 98.51% of them are in the hands of institutional investors. The stock currently has a share float of 101.27%. ACV Auctions Inc stock is held by 334.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 10.5379% of the shares, which is about 17.32 million shares worth $316.14 million.
VANGUARD GROUP INC, with 8.1403% or 13.26 million shares worth $241.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
MFS Mid Cap Growth Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 5.27 shares worth $86.22 million, making up 3.12% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.54 shares worth around $74.35 million, which represents about 2.69% of the total shares outstanding.
