True North Advisors LLC Invests $743,000 in ACV Auctions Inc. $ACVA

True North Advisors LLC bought a new stake in ACV Auctions Inc. (NYSE:ACVA) during the first quarter, HoldingsChannel.com reports. The fund bought 175,170 shares of the company’s stock, valued at approximately $743,000.

Other hedge funds have also bought and sold shares of the company. Atreides Management LP grew its holdings in ACV Auctions by 125.2% during the fourth quarter. Atreides Management LP now owns 12,411,800 shares of the company’s stock worth $99,543,000 after purchasing an additional 6,901,010 shares during the period. Wasatch Advisors LP raised its stake in ACV Auctions by 301.0% in 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 period. Sunriver Management LLC bought a new stake in ACV Auctions in the fourth quarter valued at approximately $23,768,000. Arvin Capital Management LP raised its stake in ACV Auctions by 272.8% in the fourth quarter. Arvin Capital Management LP now owns 2,296,913 shares of the company’s stock valued at $18,421,000 after buying an additional 1,680,723 shares during the period. Finally, Hawk Ridge Capital Management LP acquired a new stake in shares of ACV Auctions in the third quarter valued at approximately $14,502,000. 88.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACVA has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of ACV Auctions in a research note on Wednesday, June 24th. Barrington Research cut ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 price target on the stock. in a research note on Monday, June 1st. Finally, Stephens raised ACV Auctions to a “hold” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.14.

ACV Auctions Stock Performance

Shares of ACVA stock opened at $7.42 on Friday. ACV Auctions Inc. has a 52 week low of $4.07 and a 52 week high of $15.48. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -21.21 and a beta of 1.82. The company has a 50-day simple moving average of $6.45 and a 200 day simple moving average of $6.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.47 and a current ratio of 1.47.

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.