ACV Auctions Inc. $ACVA Shares Purchased by Atom Investors LP

Atom Investors LP increased its position in shares of ACV Auctions Inc. (NYSE:ACVA) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 481,482 shares of the company’s stock after acquiring an additional 118,370 shares during the period. Atom Investors LP’s holdings in ACV Auctions were worth $3,861,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Iridian Asset Management LLC CT grew its holdings in ACV Auctions by 58.9% during the fourth quarter. Iridian Asset Management LLC CT now owns 2,989,152 shares of the company’s stock worth $23,973,000 after acquiring an additional 1,108,301 shares during the period. CenterBook Partners LP grew its holdings in ACV Auctions by 827.8% during the third quarter. CenterBook Partners LP now owns 567,799 shares of the company’s stock worth $5,627,000 after acquiring an additional 506,600 shares during the period. William Blair Investment Management LLC grew its holdings in 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 worth $113,685,000 after acquiring an additional 362,003 shares during the period. Royce & Associates LP grew its holdings in ACV Auctions by 62.6% during the third quarter. Royce & Associates LP now owns 718,392 shares of the company’s stock worth $7,119,000 after acquiring an additional 276,591 shares during the period. Finally, Tudor Investment Corp ET AL increased its stake in ACV Auctions by 116.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 982,558 shares of the company’s stock worth $9,737,000 after purchasing an additional 528,390 shares in the last quarter. 88.55% of the stock is owned by institutional investors and hedge funds.

ACV Auctions Trading Down 0.7%

NYSE:ACVA opened at $6.27 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.47. ACV Auctions Inc. has a fifty-two week low of $4.07 and a fifty-two week high of $16.83. The stock’s 50-day moving average is $5.57 and its two-hundred day moving average is $6.44. The stock 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

A number of brokerages recently weighed in on ACVA. Stephens raised ACV Auctions to a “hold” rating in a research note on Monday, June 1st. Barclays dropped their price target on ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. The Goldman Sachs Group dropped their price target on ACV Auctions from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price target on shares of ACV Auctions in a research note on Tuesday, February 24th. Finally, B. Riley Financial dropped their price target on 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 research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.14.

About ACV Auctions

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.