Look For Institutional Buying In ACV Auctions Inc (NYSE: ACVA)

ACV Auctions Inc (ACVA) concluded trading on Thursday at a closing price of $14.60, with 3.42 million shares of worth about $49.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.21% during that period and on March 27, 2025 the price saw a loss of about -4.45%. Currently the company’s common shares owned by public are about 168.03M shares, out of which, 161.19M shares are available for trading.

Stock saw a price change of -6.95% in past 5 days and over the past one month there was a price change of -11.25%. Year-to-date (YTD), ACVA shares are showing a performance of -32.41% which decreased to -22.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.77 but also hit the highest price of $23.46 during that period. The average intraday trading volume for ACV Auctions Inc shares is 2.06 million. The stock is currently trading -1.26% below its 20-day simple moving average (SMA20), while that difference is down -19.77% for SMA50 and it goes to -23.24% lower than SMA200.

ACV Auctions Inc (NYSE: ACVA) currently have 168.03M outstanding shares and institutions hold larger chunk of about 97.68% of that.

The stock has a current market capitalization of $2.46B and its 3Y-monthly beta is at 1.71. It has posted earnings per share of -$0.48 in the same period. It has Quick Ratio of 1.56 while making debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACVA, volatility over the week remained 6.10% while standing at 6.34% over the month.

Stock’s fiscal year EPS is expected to rise by 247.54% while it is estimated to increase by 149.21% in next year. EPS is likely to grow at an annualized rate of 155.06% for next 5-years, compared to annual growth of 0.70% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on March 20, 2025 offering an Overweight rating for the stock and assigned a target price range of between $18 and $20 to it. Coverage by BofA Securities stated ACV Auctions Inc (ACVA) stock as a Buy in their note to investors on March 12, 2025, suggesting a price target of $20 for the stock. On January 22, 2025, Stephens Initiated their recommendations, while on September 27, 2024, Raymond James Resumed their ratings for the stock with a price target of $22. Stock get an Overweight rating from JP Morgan on June 10, 2024.

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