One Charles Private Wealth Services LLC Sells 161,257 Shares of ACV Auctions Inc. $ACVA

One Charles Private Wealth Services LLC reduced its stake in shares of ACV Auctions Inc. (NYSE:ACVA) by 17.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 784,552 shares of the company’s stock after selling 161,257 shares during the quarter. ACV Auctions comprises about 1.6% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 14th biggest position. One Charles Private Wealth Services LLC owned 0.46% of ACV Auctions worth $6,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ACVA. William Blair Investment Management LLC grew 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 buying an additional 362,003 shares during the last quarter. Wasatch Advisors LP grew its stake 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 grew its stake 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. grew its stake 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, Jennison Associates LLC grew its stake in shares of ACV Auctions by 1.5% during the fourth quarter. Jennison Associates LLC now owns 5,766,578 shares of the company’s stock valued at $46,248,000 after buying an additional 87,959 shares during the last quarter. 88.55% of the stock is owned by institutional investors.

ACV Auctions Stock Down 0.8%

Shares of NYSE ACVA opened at $5.91 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 firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -16.90 and a beta of 1.78. The stock has a 50 day moving average price of $5.02 and a 200 day moving average price of $6.53. ACV Auctions Inc. has a 52-week low of $4.07 and a 52-week high of $17.16.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ACVA shares. Barclays cut their target price 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. Citigroup cut 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 research note on Tuesday, February 24th. B. Riley Financial cut their target price 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. The Goldman Sachs Group lowered their price target on ACV Auctions from $13.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of ACV Auctions in a report on Tuesday, February 24th. Two research 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 given a Sell rating to the stock. According to data from MarketBeat.com, ACV Auctions presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.45.

Insiders Place Their Bets

In related news, CEO George Chamoun bought 24,272 shares of the stock in a transaction on Monday, March 9th. The stock was bought at an average price of $5.05 per share, for a total transaction of $122,573.60. Following the completion of the acquisition, the chief executive officer directly owned 2,952,977 shares in the company, valued at approximately $14,912,533.85. This represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is currently owned by corporate insiders.

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.