ACV Auctions Inc. (ACVA)
NASDAQ: ACVA · IEX Real-Time Price · USD
18.41
+0.04 (0.22%)
At close: Jul 19, 2024, 4:00 PM
18.47
+0.06 (0.33%)
Pre-market: Jul 20, 2024, 9:28 AM EDT
ACV Auctions Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for ACV Auctions stock have an average target of 21.11, with a low estimate of 16 and a high estimate of 23. The average target predicts an increase of 14.67% from the current stock price of 18.41.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 10, 2024.
Analyst Ratings
The average analyst rating for ACV Auctions stock from 10 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 8 | 5 | 5 |
| Buy | 4 | 4 | 3 | 3 | 4 | 4 |
| Hold | 3 | 3 | 2 | 2 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 16 | 14 | 13 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold → Buy Upgrades $21 | Hold → Buy | Upgrades | $21 | +14.07% | Jun 10, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $20 → $21 | Buy | Maintains | $20 → $21 | +14.07% | Jun 7, 2024 |
| Needham | Needham | Strong Buy Reiterates $23 | Strong Buy | Reiterates | $23 | +24.93% | Jun 3, 2024 |
| Needham | Needham | Strong Buy Reiterates $23 | Strong Buy | Reiterates | $23 | +24.93% | May 16, 2024 |
| Barrington Research | Barrington Research | Buy Maintains $23 | Buy | Maintains | $23 | +24.93% | May 13, 2024 |
Financial Forecast
Revenue This Year
628.72M
from 481.23M
Increased by 30.65%
Revenue Next Year
795.23M
from 628.72M
Increased by 26.48%
EPS This Year
-0.49
from -0.47
EPS Next Year
-0.03
from -0.49
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 651.1M | 863.1M | 1.3B | 1.6B | 1.8B |
| Avg | 628.7M | 795.2M | 1.1B | 1.3B | 1.6B |
| Low | 597.9M | 717.6M | 886.9M | 1.2B | 1.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.3% | 37.3% | 65.1% | 52.9% | 36.2% |
| Avg | 30.6% | 26.5% | 32.9% | 26.9% | 20.7% |
| Low | 24.2% | 14.1% | 11.5% | 10.3% | 3.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.45 | 0.22 | 1.12 | 1.88 | 2.71 |
| Avg | -0.49 | -0.03 | 0.55 | 1.50 | 2.63 |
| Low | -0.52 | -0.14 | 0.25 | 1.13 | 2.53 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | 241.2% | 80.7% |
| Avg | - | - | - | 172.2% | 75.5% |
| Low | - | - | - | 104.6% | 68.6% |
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.