ACV Auctions Inc (NASDAQ: ACVA) on Tuesday, soared 0.91% from the previous trading day, before settling in for the closing price of $17.66. Within the past 52 weeks, ACVA’s price has moved between $12.84 and $21.10.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 79.89%. The company achieved an average annual earnings per share of 130.67%. With a float of $146.91 million, this company’s outstanding shares have now reached $166.59 million.
Considering the fact that the conglomerate employs 2170 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 47.58%, operating margin of -15.7%, and the pretax margin is -14.4%.
ACV Auctions Inc (ACVA) Insider Activity
Observing investor behavior towards Auto & Truck Dealerships industry stocks is more important than anything else. The insider ownership of ACV Auctions Inc is 11.81%, while institutional ownership is 91.88%. The most recent insider transaction that took place on Oct 15 ’24, was worth 610,675. In this transaction Chief Financial Officer of this company sold 32,500 shares at a rate of $18.79, taking the stock ownership to the 490,482 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Chief Sales Officer sold 18,001 for $18.79, making the entire transaction worth $338,239. This insider now owns 337,190 shares in total.
ACV Auctions Inc (ACVA) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.11 earnings per share (EPS) for the period topping the consensus outlook (set at -0.14) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 130.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.80% during the next five years compared to -15.18% drop over the previous five years of trading.
ACV Auctions Inc (NASDAQ: ACVA) Trading Performance Indicators
ACV Auctions Inc (ACVA) is currently performing well based on its current performance indicators. A quick ratio of 1.49 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.46. Likewise, its price to free cash flow for the trailing twelve months is 1538.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.49, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of ACV Auctions Inc (ACVA)
Compared to the last year’s volume of 1.2 million, its volume of 0.99 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 10.73%. Additionally, its Average True Range was 0.58.
During the past 100 days, ACV Auctions Inc’s (ACVA) raw stochastic average was set at 48.23%, which indicates a significant increase from 19.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.89% in the past 14 days, which was lower than the 47.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.13, while its 200-day Moving Average is $17.67. Nevertheless, the first resistance level for the watch stands at $18.02 in the near term. At $18.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.53. If the price goes on to break the first support level at $17.51, it is likely to go to the next support level at $17.21. Should the price break the second support level, the third support level stands at $17.00.
ACV Auctions Inc (NASDAQ: ACVA) Key Stats
Market capitalization of the company is 2.97 billion based on 166,587K outstanding shares. Right now, sales total 481,230 K and income totals -75,260 K. The company made 160,620 K in profit during its latest quarter, and -17,060 K in sales during its previous quarter.
