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Tuesday, September 26, 2023

The Question Is Whether To Buy Or Not To Buy ACV Auctions Inc. (NASDAQ: ACVA)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for ACV Auctions Inc. (ACVA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $16.90. The ACV Auctions Inc. has recorded 140,244 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ACV Prioritizes User Experience and Customer Communication Enhancements, Adding Chat to Its Robust Options.

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Stocks Info

ACV Auctions Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Auto & Truck Dealerships industry. The current market capitalization of ACV Auctions Inc. is $2.71B. A total of 0.67 million shares were traded on the day, compared to an average of 1.37M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ACVA has seen 15 BUY and 37 SELL insider trades, representing the acquisition of 655,169 and the disposition of 1,570,356 shares. Over the last 12 months, there were 58 BUYs and 88 SELLs from insiders. Insiders purchased 15,322,361 shares during that period but sold 15,156,253.

In the most recent transaction, ZERELLA WILLIAM sold 17,500 shares of ACVA for 15.73 per share on Aug 15. After the transaction, the Chief Financial Officer now owns 324,432 company shares. In a previous transaction on Aug 11, Castillo Kirsten sold 30,000 shares at 15.69 per share. ACVA shares that Director owns now total 0.

Among the insiders who sold shares, Waterman Michael disposed of 6,043 shares on Jul 25 at a per-share price of $16.66. This resulted in the Chief Sales Officer holding 237,569 shares of ACVA after the transaction. In another insider transaction, Waterman Michael sold 5,410 shares at $18.05 per share on Jul 12. Company shares held by the Chief Sales Officer now total 239,532.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ACVA in the last 3 months, the mean price target is $21.00 with high estimates of $23.00 and low estimates of $15.00. In terms of 52-week highs and lows, ACVA has a high of $18.68 and a low of $6.51.

As of this writing, ACVA has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.11 in the last quarter, which was 31.20% higher than expectations of -$0.16.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ACVA’s latest balance sheet shows that the firm has $579.76M in Cash & Short Term Investments as of fiscal 2021. There were $3.85M in debt and $422.66M in liabilities at the time. Its Book Value Per Share was $2.99, while its Total Shareholder’s Equity was $556.10M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.46.

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