Vanguard Group Inc. Sells 115,982 Shares of ACV Auctions Inc. $ACVA

Vanguard Group Inc. decreased its position in shares of ACV Auctions Inc. (NYSE:ACVA) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,517,034 shares of the company’s stock after selling 115,982 shares during the period. Vanguard Group Inc. owned 9.01% of ACV Auctions worth $124,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William Blair Investment Management LLC raised its stake in ACV Auctions by 3.3% during the 3rd quarter. William Blair Investment Management LLC now owns 11,471,709 shares of the company’s stock worth $113,685,000 after acquiring an additional 362,003 shares during the period. Wasatch Advisors LP raised its position in shares of ACV Auctions by 301.0% during the second quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company’s stock valued at $118,331,000 after buying an additional 5,475,874 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its position in shares of ACV Auctions by 30.4% during the third 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 during the last quarter. Alliancebernstein L.P. raised its position in shares of ACV Auctions by 14.1% during the third quarter. Alliancebernstein L.P. now owns 6,332,313 shares of the company’s stock valued at $62,753,000 after buying an additional 784,411 shares during the last quarter. Finally, Atreides Management LP grew its holdings in shares of ACV Auctions by 17.4% in the third quarter. Atreides Management LP now owns 5,510,790 shares of the company’s stock valued at $54,612,000 after purchasing an additional 816,556 shares in the last quarter. Institutional investors own 88.55% of the company’s stock.

ACV Auctions Stock Down 3.9%

NYSE ACVA opened at $5.86 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $4.94 and a two-hundred day moving average of $6.69. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -16.73 and a beta of 1.78. ACV Auctions Inc. has a 52 week low of $4.07 and a 52 week high of $17.27.

ACV Auctions (NYSE:ACVA) last posted its quarterly earnings data on Monday, February 23rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.10). The firm had revenue of $183.65 million for the quarter, compared to analysts’ expectations of $181.96 million. ACV Auctions had a negative return on equity of 5.52% and a negative net margin of 7.97%.The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.16) earnings per share. On average, analysts predict that ACV Auctions Inc. will post -0.19 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO George Chamoun acquired 24,272 shares of the company’s stock in a transaction on Monday, March 9th. The stock was bought at an average cost of $5.05 per share, with a total value of $122,573.60. Following the completion of the purchase, the chief executive officer directly owned 2,952,977 shares of the company’s stock, valued at $14,912,533.85. This represents a 0.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ACVA. Wall Street Zen raised shares of ACV Auctions from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. The Goldman Sachs Group cut their target price on shares of ACV Auctions from $13.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Barclays cut their target price on shares of ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Needham & Company LLC reissued a “buy” rating and issued a $9.00 target price on shares of ACV Auctions in a report on Tuesday, February 24th. Finally, Citigroup lowered shares of ACV Auctions from a “buy” rating to a “neutral” rating and cut their target price for the company from $13.00 to $7.00 in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.45.

ACV Auctions Company 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.