Counterpoint Mutual Funds LLC Acquires Shares of 200,664 ACV Auctions Inc. $ACVA

Counterpoint Mutual Funds LLC acquired a new stake in ACV Auctions Inc. (NYSE:ACVA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 200,664 shares of the company’s stock, valued at approximately $851,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Atreides Management LP boosted its stake in shares of ACV Auctions by 125.2% during the fourth quarter. Atreides Management LP now owns 12,411,800 shares of the company’s stock valued at $99,543,000 after purchasing an additional 6,901,010 shares during the period. Wasatch Advisors LP increased its stake in ACV Auctions by 301.0% in the 2nd quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company’s stock worth $118,331,000 after buying an additional 5,475,874 shares during the period. Sunriver Management LLC bought a new stake in ACV Auctions during the 4th quarter valued at about $23,768,000. Arvin Capital Management LP lifted its holdings in ACV Auctions by 272.8% during the 4th quarter. Arvin Capital Management LP now owns 2,296,913 shares of the company’s stock valued at $18,421,000 after buying an additional 1,680,723 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in ACV Auctions by 30.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 6,337,335 shares of the company’s stock valued at $62,803,000 after buying an additional 1,475,932 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ACVA. Barrington Research downgraded shares of ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 target price on the stock. in a research note on Monday, June 1st. Stephens raised shares of ACV Auctions to a “hold” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.14.

ACV Auctions Price Performance

ACVA opened at $7.31 on Friday. ACV Auctions Inc. has a 12-month low of $4.07 and a 12-month high of $16.76. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $6.34. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -20.88 and a beta of 1.82.

ACV Auctions Profile

ACV Auctions operates a digital marketplace designed to streamline the wholesale used-vehicle auction process for independent dealerships and larger automotive groups. The platform enables dealers to participate in live, online auctions, submit real-time bids, and access guaranteed-sale programs that reduce the risk of inventory moving. By replicating the dynamics of in-lane bidding in a virtual environment, ACV Auctions connects sellers and buyers across a broad geographic footprint without the need for physical auction attendance.

In addition to its core marketplace, ACV Auctions offers a suite of software tools and data-driven services aimed at improving transparency and decision-making in the remarketing process.