5 Analysts Have This To Say About ACV Auctions
Portfolio Pulse from Benzinga Insights
ACV Auctions (NASDAQ:ACVA) has been evaluated by 5 analysts over the last three months, showing a mix of bullish to bearish sentiments. The average 12-month price target for ACVA is $20.8, with a high of $23.00 and a low of $16.00, indicating a 2.31% increase from the previous target of $20.33. The company's financials reveal a positive revenue growth rate of 20.83% as of December 31, 2023, but a net margin of -19.63% and an ROA of -2.47%, suggesting challenges in profitability and asset utilization. Despite this, ACV Auctions has a strong ROE of -5.03% and a conservative debt-to-equity ratio of 0.25.

May 09, 2024 | 6:00 pm
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ACV Auctions has received mixed analyst ratings with an updated average 12-month price target of $20.8. The company shows strong revenue growth but faces challenges in profitability and asset utilization.
The mixed analyst ratings with a slight increase in the price target suggest a cautiously optimistic outlook for ACV Auctions. The strong revenue growth indicates potential for future profitability, which could positively impact the stock price in the short term. However, concerns about net margin and ROA highlight underlying challenges that could temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100