William Blair Investment Management LLC Lowers Holdings in ACV Auctions Inc. $ACVA

William Blair Investment Management LLC trimmed its position in ACV Auctions Inc. (NYSE:ACVA) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,891,686 shares of the company’s stock after selling 580,023 shares during the quarter. William Blair Investment Management LLC owned 0.06% of ACV Auctions worth $87,351,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ACVA. Brighton Jones LLC purchased a new stake in shares of ACV Auctions during the 4th quarter worth $392,000. Royal Bank of Canada lifted its stake in shares of ACV Auctions by 14.3% during the 1st quarter. Royal Bank of Canada now owns 83,187 shares of the company’s stock worth $1,173,000 after purchasing an additional 10,382 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of ACV Auctions during the 1st quarter worth $197,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ACV Auctions by 19.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 188,904 shares of the company’s stock worth $2,662,000 after purchasing an additional 30,299 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of ACV Auctions by 35.7% during the 1st quarter. Millennium Management LLC now owns 728,697 shares of the company’s stock worth $10,267,000 after purchasing an additional 191,883 shares during the last quarter. 88.55% of the stock is currently owned by hedge funds and other institutional investors.

ACV Auctions Trading Up 0.1%

ACV Auctions stock opened at $5.95 on Monday. The stock has a 50-day moving average of $5.04 and a two-hundred day moving average of $6.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market cap of $1.04 billion, a PE ratio of -17.01 and a beta of 1.78. ACV Auctions Inc. has a one year low of $4.07 and a one year high of $17.16.

ACV Auctions (NYSE:ACVA) last announced its quarterly earnings data on Monday, February 23rd. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.10). The firm had revenue of $183.65 million during the quarter, compared to analyst estimates of $181.96 million. ACV Auctions had a negative net margin of 7.97% and a negative return on equity of 5.52%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) earnings per share. On average, research analysts anticipate that ACV Auctions Inc. will post -0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

ACVA has been the subject of a number of analyst reports. Barrington Research upgraded ACV Auctions from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group decreased their price objective on ACV Auctions from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Citigroup cut ACV Auctions from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $7.00 in a research note on Tuesday, February 24th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of ACV Auctions in a research note on Tuesday, February 24th. Finally, B. Riley Financial decreased their price target on ACV Auctions from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.45.

Insider Buying and Selling at ACV Auctions

In other news, CEO George Chamoun acquired 24,272 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of $5.05 per share, with a total value of $122,573.60. Following the completion of the acquisition, the chief executive officer owned 2,952,977 shares of the company’s stock, valued at approximately $14,912,533.85. This trade represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.40% of the company’s stock.

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.