Investors Buy High Volume of Call Options on ACV Auctions (NYSE:ACVA)

ACV Auctions Inc. (NYSE:ACVA) was the recipient of some unusual options trading activity on Friday. Stock investors bought 3,251 call options on the stock. This is an increase of 289% compared to the average daily volume of 835 call options.

ACV Auctions Stock Up 5.5%

Shares of ACVA traded up $0.37 during mid-day trading on Friday, reaching $7.07. The company had a trading volume of 576,281 shares, compared to its average volume of 3,401,471. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -19.67 and a beta of 1.84. The firm has a 50-day moving average price of $7.44 and a 200 day moving average price of $6.14. ACV Auctions has a 52 week low of $4.07 and a 52 week high of $11.91.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp increased its holdings in ACV Auctions by 72.4% during the fourth quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock valued at $27,000 after buying an additional 1,421 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of ACV Auctions by 2,573.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $30,000 after acquiring an additional 3,629 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of ACV Auctions by 38,076.9% during the 4th quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock worth $40,000 after acquiring an additional 4,950 shares during the last quarter. Versant Capital Management Inc grew its position in shares of ACV Auctions by 28.8% during the 2nd quarter. Versant Capital Management Inc now owns 6,187 shares of the company’s stock valued at $44,000 after acquiring an additional 1,382 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of ACV Auctions by 12,979.5% during the 4th quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after acquiring an additional 5,711 shares during the period. Hedge funds and other institutional investors own 88.55% of the company’s stock.

Analyst Ratings Changes

ACVA has been the topic of several recent analyst reports. Barclays cut ACV Auctions from an “equal weight” rating to an “underweight” rating and set a $8.00 target price on the stock. in a research note on Tuesday, August 11th. Stephens raised ACV Auctions from an “equal weight” rating to an “overweight” rating and set a $10.50 price target for the company in a research report on Tuesday, August 11th. Barrington Research upgraded ACV Auctions from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Citizens Jmp lowered ACV Auctions from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of ACV Auctions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, ACV Auctions currently has a consensus rating of “Hold” and an average target price of $9.50.

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.