Olympiad Research LP Buys New Shares in ACV Auctions Inc. $ACVA

Olympiad Research LP purchased a new stake in ACV Auctions Inc. (NASDAQ:ACVA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,140 shares of the company’s stock, valued at approximately $164,000.

Other hedge funds have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in ACV Auctions during the first quarter valued at about $35,000. CWM LLC raised its stake in shares of ACV Auctions by 77.4% in the 2nd quarter. CWM LLC now owns 4,642 shares of the company’s stock valued at $75,000 after buying an additional 2,026 shares in the last quarter. AlphaQuest LLC boosted its position in shares of ACV Auctions by 2,640.6% during the 1st quarter. AlphaQuest LLC now owns 6,687 shares of the company’s stock valued at $94,000 after acquiring an additional 6,443 shares in the last quarter. Bryce Point Capital LLC bought a new position in ACV Auctions during the second quarter worth about $176,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of ACV Auctions in the 2nd quarter valued at approximately $188,000. Institutional investors own 88.55% of the company’s stock.

Insider Activity at ACV Auctions

In other news, Director Brian Hirsch purchased 80,571 shares of ACV Auctions stock in a transaction dated Friday, November 14th. The shares were bought at an average cost of $6.21 per share, with a total value of $500,345.91. Following the completion of the transaction, the director directly owned 99,678 shares in the company, valued at $619,000.38. This trade represents a 421.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert P. Goodman bought 912,408 shares of ACV Auctions stock in a transaction on Monday, November 10th. The shares were acquired at an average price of $5.61 per share, for a total transaction of $5,118,608.88. Following the completion of the acquisition, the director owned 912,408 shares of the company’s stock, valued at approximately $5,118,608.88. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 2.90% of the stock is currently owned by corporate insiders.

ACV Auctions Stock Down 2.0%

Shares of NASDAQ ACVA opened at $6.25 on Friday. The firm’s 50-day moving average is $9.04 and its 200-day moving average is $12.87. ACV Auctions Inc. has a 1 year low of $4.95 and a 1 year high of $23.46. The firm has a market capitalization of $1.07 billion, a PE ratio of -12.74 and a beta of 1.63. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28.

ACV Auctions (NASDAQ:ACVA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%.The business had revenue of $199.56 million for the quarter, compared to analyst estimates of $200.26 million. During the same period last year, the company earned $0.04 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. ACV Auctions has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that ACV Auctions Inc. will post -0.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup lowered their price target on ACV Auctions from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. JPMorgan Chase & Co. reduced their price target on shares of ACV Auctions from $18.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group cut their target price on shares of ACV Auctions from $21.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Needham & Company LLC decreased their price target on ACV Auctions from $14.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Barclays initiated coverage on ACV Auctions in a research note on Tuesday. They issued an “equal weight” rating and a $6.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.95.

ACV Auctions Company Profile

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company’s marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green’s seller assurance service for against claims related to defects in the vehicle.