<p>ACV Auctions (ACVA) 刚刚公布了第三季度财报，报告显示收入较去年增长，并为 2025 年第四季度和全年的业绩提供了新的指引。这些更新让投资者更清楚地了解公司的近期表现和未来展望。</p>
<p>查看我们对 ACV Auctions 的最新分析。</p>
<p>ACV Auctions 因其乐观的第三季度业绩和新的指引而引起关注，股价在一天内上涨了 16.03%。然而，这种动能并未消除其长期的急剧下滑，过去一年总股东回报为-68.18%。这样的波动性表明投资者正在重新评估增长前景和风险，如果情绪持续变化，这将是一个值得关注的名字。</p>
<p>如果你对其他具有惊人动能或增长潜力的股票感兴趣，现在正是发现高内部持股的快速增长股票的最佳时机。</p>
<p>尽管在最近的反弹后，股价仍远低于分析师的目标价，关键问题在于市场是否忽视了潜在价值，还是当前价格仅反映了 ACV Auctions 的现实增长前景。</p>
<h2>最受欢迎的叙述：65.9% 被低估</h2>
<p>根据当前的叙述，ACV Auctions 的公允价值为每股 18.65 美元，远高于其最后收盘价 6.37 美元。价格与叙述估值之间的巨大差距使投资者的关注点集中在支持该目标的增长驱动因素和盈利假设上。</p>
<blockquote>
<p><em>ACV 在其车辆检查、定价和保证产品中持续整合先进的人工智能和机器学习，使平台能够通过提供实时、高度准确和透明的交易解决方案进一步实现差异化。这预计将继续推动拍卖量的行业增长，提高成交率，并支持利润率扩张。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想知道是什么推动如此高的目标价吗？秘密在于技术转型、快速扩张以及雄心勃勃的利润和收入目标。哪些假设推动了这一估值飞跃？当你看到详细的预测时，故事会变得更加清晰。</p>
<p><strong>结果：公允价值为 18.65 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，平稳的经销商交易量和持续的宏观经济不确定性仍然是可能迅速挑战这一乐观估值叙述的催化剂。</p>
<p>了解 ACV Auctions 叙述的关键风险。</p>
<h2>另一种观点：通过倍数看价值</h2>
<p>通过其市销率来看 ACV Auctions，故事与纯公允价值有所不同。该公司的市销率为 1.5 倍，较行业平均的 1.1 倍显得昂贵，甚至比其同行平均的 1 倍还要贵。值得关注的公允比率也是 1.1 倍。如果市场预期的结果未能实现，这一差距表明了估值风险。这一溢价能否维持，还是市场情绪会发生变化？</p>
<p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ad152e60-ee7c-44b9-9083-f7dfb3700947/chart/ps-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ad152e60-ee7c-44b9-9083-f7dfb3700947/chart/ps-multiple-vs-industry"/></p>
<p>NYSE:ACVA 截至 2025 年 11 月的市销率</p>
<h2>构建你自己的 ACV Auctions 叙述</h2>
<p>如果你有不同的看法或想自己深入研究数字，快速简单地构建你的个人观点（按你的方式进行）。</p>
<p>进行 ACV Auctions 研究的一个很好的起点是我们的分析，强调了 2 个关键奖励和 1 个重要警示信号，这可能会影响你的投资决策。</p>
<h2>寻找更多聪明的投资想法？</h2>
<p>通过使用 Simply Wall Street 筛选器，抢先发现多个主题下的新机会。如果错过了，你可能会忽视下一个突破性故事。</p>
<ul>
<li>通过关注这 15 只股息收益率超过 3% 的股票，捕捉高收益潜力和稳定收入，这些股票提供超过 3% 的吸引回报。</li>
<li>通过查看这 31 只医疗保健 AI 股票，进入医学的未来，这些股票正在推动医疗技术的显著创新。</li>
<li>通过这些 868 只基于现金流的被低估股票升级你的投资组合，以发现可能低于其真实价值的隐藏宝石，这些股票基于坚实的基本面。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

ACVA

<p>ACV Auctions (ACVA) 发布了强劲的第三季度财报，收入增长，并对第四季度和 2025 年提供了指导。公告后，股价上涨了 16.03%，尽管年内仍下跌了 68.18%。分析师认为该股票被低估，公允价值为 18.65 美元，而其最后收盘价为 6.37 美元。公司正在整合人工智能和机器学习，以增强其平台，旨在提高拍卖量和利润率。然而，宏观经济的不确定性和估值风险仍然是令人担忧的问题</p>

<p>ACV Auctions (ACVA) just announced its third quarter earnings, reporting revenue growth over last year and providing fresh guidance for both the fourth quarter and full year 2025. These updates give investors a closer look at the company’s recent performance and future outlook.</p>
<div class="lb-trans"><p>ACV Auctions (ACVA) 刚刚公布了第三季度财报，报告显示收入较去年增长，并为 2025 年第四季度和全年的业绩提供了新的指引。这些更新让投资者更清楚地了解公司的近期表现和未来展望。</p>
</div><p>See our latest analysis for ACV Auctions.</p>
<div class="lb-trans"><p>查看我们对 ACV Auctions 的最新分析。</p>
</div><p>ACV Auctions grabbed attention with a one-day share price jump of 16.03% following its upbeat Q3 results and fresh guidance. However, momentum has not erased its sharp longer-term slide, with a one-year total shareholder return of -68.18%. Volatility like this suggests investors are reassessing growth prospects and risk, making it a name to watch if sentiment keeps shifting.</p>
<div class="lb-trans"><p>ACV Auctions 因其乐观的第三季度业绩和新的指引而引起关注，股价在一天内上涨了 16.03%。然而，这种动能并未消除其长期的急剧下滑，过去一年总股东回报为-68.18%。这样的波动性表明投资者正在重新评估增长前景和风险，如果情绪持续变化，这将是一个值得关注的名字。</p>
</div><p>If you’re curious about other movers with surprising momentum or growth potential, now’s the perfect time to discover fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果你对其他具有惊人动能或增长潜力的股票感兴趣，现在正是发现高内部持股的快速增长股票的最佳时机。</p>
</div><p>With shares still sitting far below analyst targets even after the recent rally, the key question becomes whether the market is overlooking potential value or if the current price simply reflects ACV Auctions’ realistic growth prospects.</p>
<div class="lb-trans"><p>尽管在最近的反弹后，股价仍远低于分析师的目标价，关键问题在于市场是否忽视了潜在价值，还是当前价格仅反映了 ACV Auctions 的现实增长前景。</p>
</div><h2>Most Popular Narrative: 65.9% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：65.9% 被低估</h2>
</div><p>According to the prevailing narrative, ACV Auctions’ fair value stands at $18.65 per share, far above its last close of $6.37. This wide gap between price and narrative valuation puts investor focus squarely on the growth drivers and profitability assumptions supporting that target.</p>
<div class="lb-trans"><p>根据当前的叙述，ACV Auctions 的公允价值为每股 18.65 美元，远高于其最后收盘价 6.37 美元。价格与叙述估值之间的巨大差距使投资者的关注点集中在支持该目标的增长驱动因素和盈利假设上。</p>
</div><blockquote>
<p><em>The ongoing integration of advanced AI and machine learning into ACV's vehicle inspection, pricing, and guarantee products positions the platform to further differentiate itself by offering real-time, highly accurate, and transparent transaction solutions. This is expected to continue driving above-industry growth in auction volumes, increase take rates, and support margin expansion.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>ACV 在其车辆检查、定价和保证产品中持续整合先进的人工智能和机器学习，使平台能够通过提供实时、高度准确和透明的交易解决方案进一步实现差异化。这预计将继续推动拍卖量的行业增长，提高成交率，并支持利润率扩张。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Want to know what fuels such a high price target? The secret sauce is tech transformation, rapid expansion, and ambitious profit and revenue goals. Which assumptions power this valuation leap? The story gets more revealing when you see the detailed projections.</p>
<div class="lb-trans"><p>想知道是什么推动如此高的目标价吗？秘密在于技术转型、快速扩张以及雄心勃勃的利润和收入目标。哪些假设推动了这一估值飞跃？当你看到详细的预测时，故事会变得更加清晰。</p>
</div><p><strong>Result: Fair Value of $18.65 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 18.65 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, flat dealer volumes and ongoing macroeconomic uncertainty still loom as catalysts that could quickly challenge this upbeat valuation narrative.</p>
<div class="lb-trans"><p>然而，平稳的经销商交易量和持续的宏观经济不确定性仍然是可能迅速挑战这一乐观估值叙述的催化剂。</p>
</div><p>Find out about the key risks to this ACV Auctions narrative.</p>
<div class="lb-trans"><p>了解 ACV Auctions 叙述的关键风险。</p>
</div><h2>Another View: Value Through Multiples</h2>
<div class="lb-trans"><h2>另一种观点：通过倍数看价值</h2>
</div><p>Looking at ACV Auctions through its price-to-sales ratio, the story diverges from pure fair value. The company trades at 1.5 times sales, which looks expensive compared to the industry average of 1.1 times and even pricier than its peer average of just 1 times. The fair ratio to watch is also 1.1 times. This gap signals valuation risk if the market expects results that do not materialize. Could this premium hold up, or will market sentiment shift?</p>
<div class="lb-trans"><p>通过其市销率来看 ACV Auctions，故事与纯公允价值有所不同。该公司的市销率为 1.5 倍，较行业平均的 1.1 倍显得昂贵，甚至比其同行平均的 1 倍还要贵。值得关注的公允比率也是 1.1 倍。如果市场预期的结果未能实现，这一差距表明了估值风险。这一溢价能否维持，还是市场情绪会发生变化？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/ad152e60-ee7c-44b9-9083-f7dfb3700947/chart/ps-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/ad152e60-ee7c-44b9-9083-f7dfb3700947/chart/ps-multiple-vs-industry"/></p>
<p>NYSE:ACVA PS Ratio as at Nov 2025</p>
<div class="lb-trans"><p>NYSE:ACVA 截至 2025 年 11 月的市销率</p>
</div><h2>Build Your Own ACV Auctions Narrative</h2>
<div class="lb-trans"><h2>构建你自己的 ACV Auctions 叙述</h2>
</div><p>If you see things differently or want to dig into the numbers for yourself, it's quick and simple to craft your personal view (Do it your way).</p>
<div class="lb-trans"><p>如果你有不同的看法或想自己深入研究数字，快速简单地构建你的个人观点（按你的方式进行）。</p>
</div><p>A great starting point for your ACV Auctions research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>进行 ACV Auctions 研究的一个很好的起点是我们的分析，强调了 2 个关键奖励和 1 个重要警示信号，这可能会影响你的投资决策。</p>
</div><h2>Looking for More Smart Investment Ideas?</h2>
<div class="lb-trans"><h2>寻找更多聪明的投资想法？</h2>
</div><p>Get ahead of the pack by using the Simply Wall Street Screener to pinpoint new opportunities across multiple themes. Miss this, and you could overlook the next breakout story.</p>
<div class="lb-trans"><p>通过使用 Simply Wall Street 筛选器，抢先发现多个主题下的新机会。如果错过了，你可能会忽视下一个突破性故事。</p>
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</ul>
<div class="lb-trans"><ul>
<li>通过关注这 15 只股息收益率超过 3% 的股票，捕捉高收益潜力和稳定收入，这些股票提供超过 3% 的吸引回报。</li>
<li>通过查看这 31 只医疗保健 AI 股票，进入医学的未来，这些股票正在推动医疗技术的显著创新。</li>
<li>通过这些 868 只基于现金流的被低估股票升级你的投资组合，以发现可能低于其真实价值的隐藏宝石，这些股票基于坚实的基本面。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

在第三季度业绩向好以及 2025 年指引发布后，重新审视 ACV Auctions（ACVA）的估值