ACV Auctions Inc

Company Profile

ACV Auctions Inc had its IPO on 2021-03-24 under the ticker symbol ACVA.

The company operates in the Consumer Cyclical sector and Auto & Truck Dealerships industry. ACV Auctions Inc has a staff strength of 0 employees.

Stock update

Shares of ACV Auctions Inc opened at $12.33 at the start of the last trading session i.e. 2023-03-28.

The stocks traded within a range of $11.81 - $12.33, and closed at $11.95.

This is a -3.71% slip from the previous day's closing price.

A total volume of 761,222 shares were traded at the close of the day’s session.

In the last one week, shares of ACV Auctions Inc have slipped by -7.08%.

ACV Auctions Inc's Key Ratios

ACV Auctions Inc has a market cap of $1.99 billion, indicating a price to book ratio of 2.8011 and a price to sales ratio of 3.3268.

In the last 12-months ACV Auctions Inc’s revenue was $421.53 million with a gross profit of $48.35 million and an EBITDA of $-99481000. The EBITDA ratio measures ACV Auctions Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, ACV Auctions Inc’s operating margin was -25.45% while its return on assets stood at -7.06% with a return of equity of -19.62%.

In Q4, ACV Auctions Inc’s quarterly earnings growth was a positive 0% while revenue growth was a negative 2.2%.

ACV Auctions Inc’s PE and PEG Ratio

Forward PE

1250

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.65 per share while it has a forward price to earnings multiple of 1250 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into ACV Auctions Inc’s profitability.

ACV Auctions Inc stock is trading at a EV to sales ratio of 2.2896 and a EV to EBITDA ratio of -10.6354. Its price to sales ratio in the trailing 12-months stood at 3.3268.

ACV Auctions Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$914.92 million

Total Liabilities

$348.22 million

Operating Cash Flow

$-18648000.00

Capital Expenditure

$1.91 million

Dividend Payout Ratio

0%

ACV Auctions Inc ended 2023 with $914.92 million in total assets and $0 in total liabilities. Its intangible assets were valued at $914.92 million while shareholder equity stood at $485.72 million.

ACV Auctions Inc ended 2023 with $0 in deferred long-term liabilities, $348.22 million in other current liabilities, 121000.00 in common stock, $-347354000.00 in retained earnings and $91.76 million in goodwill. Its cash balance stood at $280.75 million and cash and short-term investments were $496.68 million. The company’s total short-term debt was $0 while long-term debt stood at $75.50 million.

ACV Auctions Inc’s total current assets stands at $754.77 million while long-term investments were $0 and short-term investments were $215.93 million. Its net receivables were $168.73 million compared to accounts payable of $323.66 million and inventory worth $0.

In 2023, ACV Auctions Inc's operating cash flow was $-18648000.00 while its capital expenditure stood at $1.91 million.

Comparatively, ACV Auctions Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$11.95

52-Week High

$15.7

52-Week Low

$6.1

Analyst Target Price

$13.14

ACV Auctions Inc stock is currently trading at $11.95 per share. It touched a 52-week high of $15.7 and a 52-week low of $15.7. Analysts tracking the stock have a 12-month average target price of $13.14.

Its 50-day moving average was $11.24 and 200-day moving average was $8.86 The short ratio stood at 8.74 indicating a short percent outstanding of 0%.

Around 121.7% of the company’s stock are held by insiders while 9327.5% are held by institutions.