JPMorgan Chase & Co. Issues Pessimistic Forecast for ACV Auctions (NASDAQ:ACVA) Stock Price

ACV Auctions (NASDAQ:ACVA) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $18.00 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 116.75% from the stock’s previous close.

Several other brokerages have also recently commented on ACVA. Jefferies Financial Group reduced their price target on ACV Auctions from $22.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Citigroup lowered their target price on ACV Auctions from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Bank of America reiterated an “underperform” rating and set a $6.00 target price (down previously from $16.50) on shares of ACV Auctions in a research note on Thursday. JMP Securities lowered their price objective on ACV Auctions from $20.00 to $18.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered their price objective on ACV Auctions from $26.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.55.

ACV Auctions Trading Down 37.7%

Shares of ACV Auctions stock traded down $3.08 during trading on Thursday, hitting $5.08. 31,084,352 shares of the company were exchanged, compared to its average volume of 2,455,642. The firm has a market capitalization of $873.44 million, a P/E ratio of -10.36 and a beta of 1.63. ACV Auctions has a 1-year low of $4.95 and a 1-year high of $23.46. The firm’s fifty day moving average price is $9.87 and its 200 day moving average price is $13.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.56 and a quick ratio of 1.56.

ACV Auctions (NASDAQ:ACVA) last posted its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $199.56 million during the quarter, compared to analysts’ expectations of $200.26 million. ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%.The company’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 earnings per share. ACV Auctions has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts expect that ACV Auctions will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ACV Auctions

Hedge funds have recently modified their holdings of the company. Rivermont Capital Management LP boosted its holdings in shares of ACV Auctions by 16.8% during the 1st quarter. Rivermont Capital Management LP now owns 933,113 shares of the company’s stock valued at $13,148,000 after acquiring an additional 133,936 shares in the last quarter. Inflection Point Investments LLP boosted its holdings in shares of ACV Auctions by 32.5% during the 2nd quarter. Inflection Point Investments LLP now owns 403,796 shares of the company’s stock valued at $6,550,000 after acquiring an additional 99,146 shares in the last quarter. Tempus Wealth Planning LLC acquired a new stake in shares of ACV Auctions during the 1st quarter valued at $277,000. Jump Financial LLC boosted its holdings in shares of ACV Auctions by 233.3% during the 1st quarter. Jump Financial LLC now owns 92,996 shares of the company’s stock valued at $1,310,000 after acquiring an additional 65,096 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of ACV Auctions by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 15,301,225 shares of the company’s stock valued at $215,594,000 after acquiring an additional 1,055,310 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

About ACV Auctions

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company’s marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green’s seller assurance service for against claims related to defects in the vehicle.