Norwood Investment Partners LP Takes $3.89 Million Position in ACV Auctions Inc. $ACVA

Norwood Investment Partners LP bought a new stake in ACV Auctions Inc. (NYSE:ACVA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 485,307 shares of the company’s stock, valued at approximately $3,892,000. ACV Auctions makes up about 4.4% of Norwood Investment Partners LP’s holdings, making the stock its 9th biggest holding. Norwood Investment Partners LP owned about 0.28% of ACV Auctions as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of ACV Auctions by 72.4% in the fourth quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock valued at $27,000 after buying an additional 1,421 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in ACV Auctions by 2,573.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $30,000 after purchasing an additional 3,629 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in ACV Auctions by 298.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock valued at $33,000 after purchasing an additional 2,489 shares during the last quarter. Larson Financial Group LLC boosted its holdings in ACV Auctions by 38,076.9% in the fourth quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after purchasing an additional 4,950 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in ACV Auctions by 12,979.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after purchasing an additional 5,711 shares during the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

ACV Auctions Trading Down 0.7%

NYSE:ACVA opened at $6.27 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 business’s 50 day moving average is $5.57 and its two-hundred day moving average is $6.44. ACV Auctions Inc. has a 52 week low of $4.07 and a 52 week high of $16.83. The company has a market cap of $1.09 billion, a PE ratio of -17.90 and a beta of 1.84.

Wall Street Analyst Weigh In

ACVA has been the subject of a number of analyst reports. Barclays reduced their price target on ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Stephens raised ACV Auctions to a “hold” rating in a report on Monday, June 1st. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price target on shares of ACV Auctions in a report on Tuesday, February 24th. Citigroup downgraded ACV Auctions from a “buy” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $7.00 in a report on Tuesday, February 24th. Finally, Barrington Research downgraded ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 price target for the company. in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, ACV Auctions currently has a consensus rating of “Hold” and an average target price of $10.14.

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.