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Friday, February 3, 2023

Is ACV Auctions Inc. (NASDAQ: ACVA) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for ACV Auctions Inc. (ACVA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -1.93%, to $7.63. The ACV Auctions Inc. has recorded 24,083 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ACV to Participate at the 2022 Raymond James Technology Investors Conference.

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Stocks Info

ACV Auctions Inc. is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Auto & Truck Dealerships industry. At the end of the last regular session, the stock closed at $7.78 and fluctuated between $7.93 as its day high and $7.67 as its day low. The current market capitalization of ACV Auctions Inc. is $1.23B. A total of 0.97 million shares were traded on the day, compared to an average of 1.28M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ACVA has seen 4 BUY and 9 SELL insider trades, representing the acquisition of 2,246,069 and the disposition of 2,268,852 shares. Over the last 12 months, there were 23 BUYs and 39 SELLs from insiders. Insiders purchased 9,411,730 shares during that period but sold 8,912,247.

In the most recent transaction, GOODMAN ROBERT P sold 2,000,000 shares of ACVA for 8.25 per share on Nov 17. After the transaction, the Director now owns 0 company shares. In a previous transaction on Nov 17, Bessemer Venture Partners IX L sold 2,000,000 shares at 8.25 per share. ACVA shares that 10% Owner owns now total 0.

Among the insiders who sold shares, Chamoun George disposed of 91,465 shares on Nov 01 at a per-share price of $9.19. This resulted in the Chief Executive Officer holding 220,559 shares of ACVA after the transaction. In another insider transaction, Chamoun George sold 84,841 shares at $9.13 per share on Oct 31. Company shares held by the Chief Executive Officer now total 220,559.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ACVA in the last 3 months, the mean price target is $12.79 with high estimates of $15.00 and low estimates of $10.00. In terms of 52-week highs and lows, ACVA has a high of $22.27 and a low of $6.10.

As of this writing, ACVA has an earnings estimate of -$0.17 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.19 in the last quarter, which was -18.80% lower than expectations of -$0.16.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACVA is Underweight with a score of 4.62. A total of 14 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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