Copart's Shares Plunge 10% in 6 Months: More Downside Ahead? [Yahoo! Finance]
ACV Auctions Inc. - Class A (ACVA)
Company Research
Source: Yahoo! Finance
months compared with the Zacks Auction and Valuation Services industry's decline of 10.8%. Shares of CPRT underperformed peers like ACV Auctions Inc. and OPENLANE, Inc. in the same time frame. Six Months Price Comparison Image Source: Zacks Investment Research High spending on storage-capacity expansion and rising operating costs amid increasing G&A expenditure have taken a toll on the company's performance. Copart has been investing heavily in storage capacity expansion. In fiscal 2024, capex amounted to $511 million, nearly all of which was related to capacity expansion. Copart will continue to prioritize expansion efforts, which, although necessary and advantageous for the long term, are likely to clip cash flows. Operating costs have been on the rise for several quarters amid increasing G&A expenditure. In the fourth quarter of fiscal 2024, G&A expense as a percentage of sales rose to 9.1% compared with 6.7% reported in the year-ago period. The G&A expense may continue to
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ACVA
News
- ACV Auctions Inc. (NASDAQ: ACVA) is now covered by analysts at Raymond James. They set a "market perform" rating and a $22.00 price target on the stock.MarketBeat
- Is ACV Auctions (ACVA) Stock Outpacing Its Retail-Wholesale Peers This Year? [Yahoo! Finance]Yahoo! Finance
- ACV Auctions Inc. (NASDAQ: ACVA) had its price target raised by analysts at JMP Securities from $21.00 to $24.00. They now have a "market outperform" rating on the stock.MarketBeat
- ACV Auctions Inc. (NASDAQ: ACVA) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $21.00 price target on the stock.MarketBeat
- Is ACV Auctions (ACVA) Stock Outpacing Its Retail-Wholesale Peers This Year? [Yahoo! Finance]Yahoo! Finance
ACVA
Earnings
- 8/7/24 - Miss
ACVA
Sec Filings
- 9/23/24 - Form 4
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- ACVA's page on the SEC website