ACV Auctions (ACVA) Gets a Buy from J.P. Morgan

In a report released today, Rajat Gupta CFA from J.P. Morgan maintained a Buy rating on ACV Auctions (ACVA – Research Report), with a price target of $24.00. The company’s shares closed yesterday at $13.78.

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Gupta CFA covers the Consumer Cyclical sector, focusing on stocks such as Carvana Co, Asbury, and Group 1 Automotive. According to TipRanks, Gupta CFA has an average return of 11.7% and a 56.86% success rate on recommended stocks.

Currently, the analyst consensus on ACV Auctions is a Strong Buy with an average price target of $24.38, which is a 76.92% upside from current levels. In a report released today, Bank of America Securities also upgraded the stock to a Buy with a $20.00 price target.

The company has a one-year high of $23.46 and a one-year low of $12.77. Currently, ACV Auctions has an average volume of 1.7M.

Based on the recent corporate insider activity of 170 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACVA in relation to earlier this year. Most recently, in January 2025, Michael Waterman, the CSO of ACVA bought 6,601.00 shares for a total of $139,545.14.