Arvin Capital Management LP Has $18.42 Million Stock Position in ACV Auctions Inc. $ACVA

Arvin Capital Management LP increased its position in ACV Auctions Inc. (NYSE:ACVA) by 272.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,296,913 shares of the company’s stock after purchasing an additional 1,680,723 shares during the quarter. ACV Auctions makes up 3.5% of Arvin Capital Management LP’s portfolio, making the stock its 11th biggest position. Arvin Capital Management LP owned 1.33% of ACV Auctions worth $18,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT increased its position 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 worth $23,973,000 after purchasing an additional 1,108,301 shares during the period. CenterBook Partners LP increased its position in ACV Auctions by 827.8% in the third quarter. CenterBook Partners LP now owns 567,799 shares of the company’s stock worth $5,627,000 after purchasing an additional 506,600 shares during the period. William Blair Investment Management LLC grew its position in shares of 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 buying an additional 362,003 shares during the period. Royce & Associates LP grew its position in shares of ACV Auctions by 62.6% during the 3rd quarter. Royce & Associates LP now owns 718,392 shares of the company’s stock worth $7,119,000 after buying an additional 276,591 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in shares of ACV Auctions by 116.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 982,558 shares of the company’s stock worth $9,737,000 after buying an additional 528,390 shares during the period. 88.55% of the stock is currently owned by institutional investors and hedge funds.

ACV Auctions Price Performance

Shares of ACVA opened at $6.02 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50 day simple moving average of $5.49 and a 200 day simple moving average of $6.46. ACV Auctions Inc. has a 52-week low of $4.07 and a 52-week high of $16.83. The firm has a market capitalization of $1.05 billion, a PE ratio of -17.19 and a beta of 1.84.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ACVA shares. Stephens upgraded ACV Auctions to a “hold” rating in a research report on Monday, June 1st. The Goldman Sachs Group decreased their target price on ACV Auctions from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Citigroup lowered ACV Auctions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $7.00 in a research report on Tuesday, February 24th. B. Riley Financial decreased their target price on ACV Auctions from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Barrington Research lowered ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a research report on Monday, June 1st. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.14.

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.