ACV Auctions Inc. $ACVA Position Raised by Atom Investors LP

Atom Investors LP raised its stake in ACV Auctions Inc. (NYSE:ACVA) by 32.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 481,482 shares of the company’s stock after buying an additional 118,370 shares during the quarter. Atom Investors LP owned approximately 0.28% of ACV Auctions worth $3,861,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT lifted its stake in ACV Auctions by 58.9% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,989,152 shares of the company’s stock valued at $23,973,000 after buying an additional 1,108,301 shares during the last quarter. CenterBook Partners LP raised its stake in shares of ACV Auctions by 827.8% during the third quarter. CenterBook Partners LP now owns 567,799 shares of the company’s stock valued at $5,627,000 after purchasing an additional 506,600 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of ACV Auctions by 3.3% during the third quarter. William Blair Investment Management LLC now owns 11,471,709 shares of the company’s stock valued at $113,685,000 after purchasing an additional 362,003 shares in the last quarter. Royce & Associates LP raised its stake in shares of ACV Auctions by 62.6% during the third quarter. Royce & Associates LP now owns 718,392 shares of the company’s stock valued at $7,119,000 after purchasing an additional 276,591 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in shares of ACV Auctions by 116.3% during the third quarter. Tudor Investment Corp ET AL now owns 982,558 shares of the company’s stock valued at $9,737,000 after purchasing an additional 528,390 shares in the last quarter. 88.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ACVA shares. Royal Bank Of Canada upgraded shares of ACV Auctions to an “outperform” rating in a research note on Tuesday, February 24th. Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of ACV Auctions in a research note on Tuesday, February 24th. Citigroup cut shares of ACV Auctions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $13.00 to $7.00 in a research note on Tuesday, February 24th. Weiss Ratings restated a “sell (e+)” rating on shares of ACV Auctions in a research note on Friday, March 27th. Finally, B. Riley Financial cut their price objective on shares of ACV Auctions from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.14.

ACV Auctions Price Performance

NYSE:ACVA opened at $6.27 on Wednesday. The business’s 50-day moving average price is $5.57 and its 200 day moving average price is $6.44. The firm has a market cap of $1.09 billion, a P/E ratio of -17.90 and a beta of 1.84. ACV Auctions Inc. has a 52-week low of $4.07 and a 52-week high of $16.83. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

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.