ACV Auctions Inc. $ACVA Shares Bought by Royce & Associates LP

Royce & Associates LP raised its position in ACV Auctions Inc. (NYSE:ACVA) by 141.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,736,476 shares of the company’s stock after purchasing an additional 1,018,084 shares during the period. Royce & Associates LP owned about 1.01% of ACV Auctions worth $13,927,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of ACV Auctions in the fourth quarter valued at $392,000. Royal Bank of Canada lifted its position in shares of ACV Auctions by 14.3% in the first quarter. Royal Bank of Canada now owns 83,187 shares of the company’s stock valued at $1,173,000 after acquiring an additional 10,382 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of ACV Auctions in the first quarter valued at $197,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ACV Auctions by 19.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 188,904 shares of the company’s stock valued at $2,662,000 after acquiring an additional 30,299 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of ACV Auctions by 35.7% in the first quarter. Millennium Management LLC now owns 728,697 shares of the company’s stock valued at $10,267,000 after acquiring an additional 191,883 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACVA. Wall Street Zen upgraded ACV Auctions from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. B. Riley Financial reduced their price objective on ACV Auctions from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Barclays reduced their price objective on ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Royal Bank Of Canada upgraded ACV Auctions to an “outperform” rating in a research report on Tuesday, February 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of ACV Auctions in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.45.

ACV Auctions Stock Performance

NYSE ACVA opened at $6.01 on Thursday. The business’s 50-day moving average price is $5.11 and its 200 day moving average price is $6.47. ACV Auctions Inc. has a twelve month low of $4.07 and a twelve month high of $17.16. The company has a market capitalization of $1.05 billion, a PE ratio of -17.16 and a beta of 1.78. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46.

ACV Auctions (NYSE:ACVA) last released its earnings results on Monday, February 23rd. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.10). ACV Auctions had a negative return on equity of 5.52% and a negative net margin of 7.97%.The business had revenue of $183.65 million for the quarter, compared to analysts’ expectations of $181.96 million. During the same quarter last year, the company posted ($0.16) earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, research analysts predict that ACV Auctions Inc. will post -0.19 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO George Chamoun purchased 24,272 shares of the company’s stock in a transaction on Monday, March 9th. The stock was bought at an average cost of $5.05 per share, for a total transaction of $122,573.60. Following the completion of the purchase, the chief executive officer directly owned 2,952,977 shares of the company’s stock, valued at $14,912,533.85. The trade was a 0.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is 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.