ACV Auctions Inc. (NASDAQ:ACVA – Get Free Report) COO Vikas Mehta sold 8,395 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $19.21, for a total transaction of $161,267.95. Following the transaction, the chief operating officer now owns 467,090 shares in the company, valued at $8,972,798.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Vikas Mehta also recently made the following trade(s):
- On Friday, August 23rd, Vikas Mehta sold 145,928 shares of ACV Auctions stock. The stock was sold at an average price of $18.71, for a total transaction of $2,730,312.88.
ACV Auctions Price Performance
ACVA traded down $0.71 on Tuesday, hitting $18.57. 1,143,945 shares of the stock were exchanged, compared to its average volume of 1,185,827. ACV Auctions Inc. has a 12 month low of $12.84 and a 12 month high of $19.86. The business has a 50-day moving average of $17.77 and a two-hundred day moving average of $17.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -40.17 and a beta of 1.54.
Institutional Investors Weigh In On ACV Auctions
Analyst Upgrades and Downgrades
Several research firms have commented on ACVA. Barrington Research reiterated an “outperform” rating and issued a $23.00 price objective on shares of ACV Auctions in a report on Friday, August 16th. JPMorgan Chase & Co. upgraded shares of ACV Auctions from a “neutral” rating to an “overweight” rating and set a $21.00 price objective on the stock in a report on Monday, June 10th. Piper Sandler upped their price objective on shares of ACV Auctions from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. JMP Securities reiterated a “market outperform” rating and issued a $21.00 price objective on shares of ACV Auctions in a report on Wednesday, July 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $23.00 target price on shares of ACV Auctions in a research report on Monday, June 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ACV Auctions presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.
View Our Latest Report on ACV Auctions
ACV Auctions Company Profile
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.
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