Y Intercept Hong Kong Ltd Decreases Holdings in ACV Auctions Inc. $ACVA

Y Intercept Hong Kong Ltd reduced its stake in ACV Auctions Inc. (NYSE:ACVA) by 85.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 24,502 shares of the company’s stock after selling 144,357 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in ACV Auctions were worth $104,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ACVA. Fifth Third Bancorp increased its position in ACV Auctions by 72.4% in the fourth quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock worth $27,000 after buying an additional 1,421 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in ACV Auctions by 2,573.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $30,000 after acquiring an additional 3,629 shares during the period. Larson Financial Group LLC lifted its holdings in ACV Auctions by 38,076.9% during the fourth quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after purchasing an additional 4,950 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in ACV Auctions by 12,979.5% during the fourth quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after purchasing an additional 5,711 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of ACV Auctions in the fourth quarter worth about $57,000. Institutional investors own 88.55% of the company’s stock.

ACV Auctions Stock Performance

Shares of ACVA opened at $7.46 on Thursday. 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 Inc. has a 12-month low of $4.07 and a 12-month high of $16.23. The company has a market cap of $1.30 billion, a PE ratio of -21.33 and a beta of 1.82. The stock has a 50-day moving average price of $6.41 and a 200-day moving average price of $6.28.

Analysts Set New Price Targets

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

ACV Auctions Company 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.