Acv Auctions Intrinsic Value Calculation – JMP Securities Analyst Reaffirms Positive Outlook on ACV Auctions, Citing Potential for Success
July 26, 2023
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On July 25, 2023, Nicholas Jones of JMP Securities reaffirmed his Market Outperform rating for ACV ($NASDAQ:ACVA) Auctions, expressing his continued optimism in the stock’s future. According to Jones, ACV Auctions has the potential to be a major player in the sector with its suite of unique solutions for car dealers. He cited the company’s innovative platform, which allows dealers to buy and sell cars online quickly and easily, as a major selling point. Jones remains confident in the stock’s future and believes that ACV Auctions is well-positioned for success.
Stock Price
JMP Securities recently reaffirmed its positive outlook on ACV AUCTIONS, citing the potential for success for the company. On Tuesday, ACV AUCTIONS’ stock opened at $17.0 and closed at $16.5, representing a 2.5% decrease from the previous closing price of $16.9. This drop in stock price did not diminish JMP Securities’ faith in ACV AUCTIONS, as analysts remain confident in the business model of the company and its potential to become an industry leader. JMP Securities believes that ACV AUCTIONS has the potential to create a powerful and lasting presence in the online auction marketplace. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Acv Auctions. More…
| Total Revenues | Net Income | Net Margin |
| 438.09 | -90.9 | -20.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Acv Auctions. More…
| Operations | Investing | Financing |
| -0.74 | -256.41 | 31.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Acv Auctions. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 995.15 | 514.24 | 3.02 |
Key Ratios Snapshot
Some of the financial key ratios for Acv Auctions are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 58.0% | – | -20.5% |
| FCF Margin | ROE | ROA |
| -5.6% | -11.6% | -5.6% |
Analysis – Acv Auctions Intrinsic Value Calculation
GoodWhale recently performed an analysis of ACV AUCTIONS‘s wellbeing. After careful consideration of relevant metrics, we have concluded that the intrinsic value of ACV AUCTIONS share is around $17.5, calculated using our proprietary Valuation Line. We believe that investors can benefit from this discrepancy by acquiring shares of ACV AUCTIONS at a lower price. More…
Peers
ACV Auctions Inc offers a suite of mobile apps and web-based solutions that enable dealerships to buy and sell vehicles from their inventory, as well as conduct mobile vehicle inspections. ACV Auctions Inc competes with ImageWare Systems Inc, Yext Inc, and Matterport Inc.
– ImageWare Systems Inc ($OTCPK:IWSY)
ImageWare Systems Inc is a biometrics company that provides authentication solutions for law enforcement, military, and commercial applications. The company has a market cap of $34.8 million and a return on equity of -72.0%. ImageWare Systems Inc is a publicly traded company on the NasdaqGS exchange under the ticker symbol IWSY.
– Yext Inc ($NYSE:YEXT)
Yext Inc is a publicly traded technology company headquartered in New York City. The company provides a platform that helps businesses manage their online information. Yext’s platform includes a listing management service, review monitoring and management tools, and a suite of marketing automation tools. Yext went public in 2017 and trades on the New York Stock Exchange under the ticker symbol YEXT.
As of 2022, Yext Inc has a market cap of 625.82M and a Return on Equity of -36.68%. Yext Inc provides a platform that helps businesses manage their online information. Yext’s platform includes a listing management service, review monitoring and management tools, and a suite of marketing automation tools.
– Matterport Inc ($NASDAQ:MTTR)
Matterport Inc is a three-dimensional imaging company that creates immersive virtual experiences of real-world places. It offers a platform that enables users to capture, edit, and share 3D models of physical spaces. The company serves customers in a variety of industries, including real estate, hospitality, education, construction, and insurance.
Matterport’s market cap is $744.91M as of 2022. The company has a Return on Equity of -31.08%.
Summary
JMP Securities analyst Nicholas Jones recently expressed his continued confidence in the stock of ACV Auctions, reaffirming his Market Outperform rating. He believes the company has strong potential for success and encourages investors to take advantage of the opportunity. Jones cited the company’s strong management team, attractive valuation, and robust growth rate as key factors that could contribute to a rewarding return on investment. He indicated that with its current momentum, ACV Auctions could be poised for further success in the future.
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