ACV Auctions Inc. (ACVA)
NASDAQ: ACVA · IEX Real-Time Price · USD
18.62
+0.39 (2.14%)
May 17, 2024, 4:00 PM EDT - Market closed
ACV Auctions Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for ACV Auctions stock have an average target of 20.42, with a low estimate of 16 and a high estimate of 23. The average target predicts an increase of 9.67% from the current stock price of 18.62.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ACV Auctions stock from 13 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 9 | 9 | 9 | 9 | 8 |
| Buy | 4 | 4 | 4 | 4 | 3 | 3 |
| Hold | 3 | 3 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 16 | 16 | 16 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $23 | Strong Buy | Reiterates | $23 | +23.52% | May 16, 2024 |
| Barrington Research | Barrington Research | Buy Maintains $23 | Buy | Maintains | $23 | +23.52% | May 13, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $19 → $20 | Buy | Maintains | $19 → $20 | +7.41% | May 9, 2024 |
| Barrington Research | Barrington Research | Buy Maintains $23 | Buy | Maintains | $23 | +23.52% | May 9, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $15 → $16 | Hold | Maintains | $15 → $16 | -14.07% | May 9, 2024 |
Financial Forecast
Revenue This Year
625.40M
from 481.23M
Increased by 29.96%
Revenue Next Year
785.75M
from 625.40M
Increased by 25.64%
EPS This Year
-0.35
from -0.47
EPS Next Year
0.06
from -0.35
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 650.5M | 873.6M | 1.4B | 1.6B | 1.8B |
| Avg | 625.4M | 785.8M | 1.1B | 1.3B | 1.6B |
| Low | 585.0M | 646.0M | 954.3M | 1.2B | 1.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.2% | 39.7% | 73.7% | 42.4% | 36.0% |
| Avg | 30.0% | 25.6% | 39.1% | 19.6% | 19.8% |
| Low | 21.6% | 3.3% | 21.5% | 6.8% | 7.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.30 | 0.45 | 1.06 | 1.83 | 2.61 |
| Avg | -0.35 | 0.06 | 0.64 | 1.47 | 2.54 |
| Low | -0.35 | -0.15 | 0.36 | 1.13 | 2.44 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 1,576.9% | 183.6% | 77.4% |
| Avg | - | - | 918.8% | 128.8% | 72.3% |
| Low | - | - | 473.4% | 74.9% | 65.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.