Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Shares of ACV Auctions Inc reached a 52-week low, hitting a price of 11.01 USD, marking a significant drop from its 52-week high of $23.46. According to InvestingPro analysis, the company’s current market capitalization stands at $2.28 billion. This marks a significant downturn for the company, which has seen its stock decline by 27.25% over the past year, with a particularly sharp YTD decline of 38.19%. The dip to this new low reflects ongoing challenges in the market, as investors continue to react to broader economic conditions and company-specific developments. The company’s stock performance over the past year highlights the volatility and pressures faced in the current economic climate. Despite current market pressures, InvestingPro analysis suggests the stock is undervalued, with analysts projecting both sales growth and a return to profitability this year. For deeper insights and 10+ additional ProTips about ACV Auctions, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, ACV Auctions reported its second-quarter 2025 earnings, revealing a revenue of $194 million, marking a 21% increase year-over-year. Despite this growth, the company’s earnings per share did not meet analyst forecasts. The revenue figures were slightly below Street estimates, with the company selling 210,400 units, which was 4.1% below expectations. Analysts have responded to these results with various adjustments to their price targets for ACV Auctions. Stephens reduced its price target to $11.50, maintaining an Equal Weight rating. Needham lowered its target to $16.00, continuing with a Buy rating. Citizens JMP also adjusted their target to $18.00, keeping a Market Outperform rating. Goldman Sachs set its price target at $21.00, citing headwinds that affected the second quarter but noted these challenges began to reverse in July.
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