UBS Group AG Increases Stock Position in ACV Auctions Inc. $ACVA

UBS Group AG lifted its position in shares of ACV Auctions Inc. (NYSE:ACVA) by 233.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,527,108 shares of the company’s stock after purchasing an additional 1,069,644 shares during the period. UBS Group AG’s holdings in ACV Auctions were worth $12,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACVA. Aster Capital Management DIFC Ltd increased its stake in ACV Auctions by 298.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock valued at $33,000 after buying an additional 2,489 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of ACV Auctions by 12,979.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock worth $46,000 after buying an additional 5,711 shares during the last quarter. Covestor Ltd grew its holdings in shares of ACV Auctions by 39.9% in the third quarter. Covestor Ltd now owns 5,785 shares of the company’s stock valued at $57,000 after acquiring an additional 1,649 shares in the last quarter. Norden Group LLC bought a new position in shares of ACV Auctions in the fourth quarter valued at approximately $90,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of ACV Auctions during the third quarter valued at approximately $100,000. 88.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ACVA. The Goldman Sachs Group cut their price objective on ACV Auctions from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Barrington Research raised ACV Auctions from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 24th. Barclays lowered 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. Weiss Ratings reissued a “sell (e+)” rating on shares of ACV Auctions in a report on Friday, March 27th. Finally, B. Riley Financial reduced their price target on shares of ACV Auctions from $17.00 to $16.00 and set a “buy” rating for the company 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 issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.45.

ACV Auctions Price Performance

Shares of NYSE ACVA opened at $5.75 on Friday. The stock has a fifty day simple moving average of $4.96 and a two-hundred day simple moving average of $6.64. ACV Auctions Inc. has a 1-year low of $4.07 and a 1-year high of $17.16. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -16.41 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 issued its earnings results on Monday, February 23rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.10). ACV Auctions had a negative net margin of 7.97% and a negative return on equity of 5.52%. The firm had revenue of $183.65 million during the quarter, compared to the consensus estimate of $181.96 million. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts anticipate that ACV Auctions Inc. will post -0.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO George Chamoun acquired 24,272 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of $5.05 per share, with a total value of $122,573.60. Following the acquisition, the chief executive officer owned 2,952,977 shares in the company, valued at $14,912,533.85. The trade was a 0.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

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.