Snowflake Score | |
---|---|
Valuation | 2/6 |
Future Growth | 2/6 |
Past Performance | 0/6 |
Financial Health | 4/6 |
Dividends | 0/6 |
ACVA Stock Overview
ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles.
ACV Auctions Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$8.40 |
52 Week High | US$28.66 |
52 Week Low | US$7.52 |
Beta | 0 |
1 Month Change | -40.00% |
3 Month Change | -24.46% |
1 Year Change | -68.89% |
3 Year Change | n/a |
5 Year Change | n/a |
Change since IPO | -73.12% |
Recent News & Updates
ACV Auctions Doubles Down On Market Share Growth For 2022
ACV Auctions went public in March 2021, raising $414 million in gross proceeds. The firm provides a car auction and services platform to U.S.-based car dealerships. ACVA has grown revenue but is generating higher operating losses, a negative in the current market environment. I'm on Hold for ACVA for the near term as it plans to continue its elevated spending to compete for market share.
Shareholder Returns
ACVA | US Commercial Services | US Market | |
---|---|---|---|
7D | -5.4% | 2.3% | 2.7% |
1Y | -68.9% | -3.2% | -8.1% |
Return vs Industry: ACVA underperformed the US Commercial Services industry which returned -5.5% over the past year.
Return vs Market: ACVA underperformed the US Market which returned -10.8% over the past year.
Price Volatility
ACVA volatility | |
---|---|
ACVA Average Weekly Movement | 9.6% |
Commercial Services Industry Average Movement | 7.8% |
Market Average Movement | 7.8% |
10% most volatile stocks in US Market | 16.9% |
10% least volatile stocks in US Market | 2.9% |
Stable Share Price: ACVA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: ACVA's weekly volatility (10%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2014 | n/a | George Chamoun | https://www.acvauctions.com |
ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. It also provides data services that offer insights into the condition and value of used vehicles, as well as offers customer financing services. ACV Auctions Inc. was incorporated in 2014 and is headquartered in Buffalo, New York.
ACV Auctions Fundamentals Summary
ACVA fundamental statistics | |
---|---|
Market Cap | US$1.33b |
Earnings (TTM) | -US$90.30m |
Revenue (TTM) | US$392.41m |
3.4x
P/S Ratio-14.6x
P/E RatioIs ACVA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
ACVA income statement (TTM) | |
---|---|
Revenue | US$392.41m |
Cost of Revenue | US$339.04m |
Gross Profit | US$53.37m |
Other Expenses | US$143.68m |
Earnings | -US$90.30m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | -0.57 |
Gross Margin | 13.60% |
Net Profit Margin | -23.01% |
Debt/Equity Ratio | 11.3% |
How did ACVA perform over the long term?
See historical performance and comparisonValuation
Is ACV Auctions undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACVA ($8.4) is trading below our estimate of fair value ($54.41)
Significantly Below Fair Value: ACVA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ACVA is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.
PE vs Market: ACVA is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ACVA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ACVA is overvalued based on its PB Ratio (2.5x) compared to the US Commercial Services industry average (1.8x).
Future Growth
How is ACV Auctions forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
64.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACVA is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: ACVA is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: ACVA is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: ACVA's revenue (26.3% per year) is forecast to grow faster than the US market (7.9% per year).
High Growth Revenue: ACVA's revenue (26.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACVA is forecast to be unprofitable in 3 years.
Past Performance
How has ACV Auctions performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-192.5%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: ACVA is currently unprofitable.
Growing Profit Margin: ACVA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if ACVA's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare ACVA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ACVA is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (34.3%).
Return on Equity
High ROE: ACVA has a negative Return on Equity (-16.92%), as it is currently unprofitable.
Financial Health
How is ACV Auctions's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: ACVA's short term assets ($872.5M) exceed its short term liabilities ($422.1M).
Long Term Liabilities: ACVA's short term assets ($872.5M) exceed its long term liabilities ($63.6M).
Debt to Equity History and Analysis
Debt Level: ACVA has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ACVA's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ACVA has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ACVA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is ACV Auctions's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ACVA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ACVA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ACVA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ACVA's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ACVA has not reported any payouts.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
George Chamoun (46 yo)
5.67yrs
Tenure
US$16,988,089
Compensation
Mr. George G. Chamoun has been Chief Executive Officer and Director at ACV Auctions Inc. since September 2016. Prior to departing Synacor, Inc. in September 2016, Mr. Chamoun served as its President of Ser...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD16.99M) is above average for companies of similar size in the US market ($USD5.45M).
Compensation vs Earnings: George's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: ACVA's management team is considered experienced (2.4 years average tenure).
Board Members
Experienced Board: ACVA's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ACV Auctions Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: ACV Auctions Inc.
- Ticker: ACVA
- Exchange: NasdaqGS
- Founded: 2014
- Industry: Diversified Support Services
- Sector: Commercial Services
- Implied Market Cap: US$1.334b
- Shares outstanding: 157.32m
- Website: https://www.acvauctions.com
Location
- ACV Auctions Inc.
- 640 Ellicott Street
- Suite 321
- Buffalo
- New York
- 14203
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/05/17 00:00 |
End of Day Share Price | 2022/05/17 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.