ACV Auctions Inc. $ACVA Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in shares of ACV Auctions Inc. (NYSE:ACVA) by 240.6% in the fourth quarter, HoldingsChannel reports. The firm owned 164,193 shares of the company’s stock after buying an additional 115,991 shares during the period. GSA Capital Partners LLP’s holdings in ACV Auctions were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACVA. Brighton Jones LLC acquired a new position in ACV Auctions during the fourth quarter valued at $392,000. Royal Bank of Canada lifted its position in ACV Auctions by 14.3% during the first quarter. Royal Bank of Canada now owns 83,187 shares of the company’s stock valued at $1,173,000 after purchasing an additional 10,382 shares during the period. AQR Capital Management LLC acquired a new position in ACV Auctions during the first quarter valued at $197,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ACV Auctions by 19.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 188,904 shares of the company’s stock valued at $2,662,000 after purchasing an additional 30,299 shares during the period. Finally, Millennium Management LLC lifted its position in ACV Auctions by 35.7% during the first quarter. Millennium Management LLC now owns 728,697 shares of the company’s stock valued at $10,267,000 after purchasing an additional 191,883 shares during the period. 88.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ACVA shares. Needham & Company LLC restated a “buy” rating and set a $9.00 target price on shares of ACV Auctions in a research report on Tuesday, February 24th. Royal Bank Of Canada upgraded shares of ACV Auctions to an “outperform” rating in a research report on Tuesday, February 24th. Weiss Ratings restated a “sell (e+)” rating on shares of ACV Auctions in a research report on Friday, March 27th. Barrington Research raised shares of ACV Auctions from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 24th. Finally, Barclays cut their price objective on shares of ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.45.

ACV Auctions Stock Up 1.0%

ACVA opened at $5.98 on Thursday. ACV Auctions Inc. has a fifty-two week low of $4.07 and a fifty-two week high of $17.16. 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 company has a fifty day moving average of $5.01 and a two-hundred day moving average of $6.55. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -17.09 and a beta of 1.78.

ACV Auctions (NYSE:ACVA) last released 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). 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 analysts’ expectations of $181.96 million. During the same period in the previous year, the firm posted ($0.16) EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, research analysts expect 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 business’s stock in a transaction 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 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 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 the SEC website. Insiders own 4.40% 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.