Cwm LLC Has $37,000 Stock Position in ACV Auctions Inc. (NASDAQ:ACVA)

Cwm LLC reduced its stake in shares of ACV Auctions Inc. (NASDAQ:ACVA) by 97.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,616 shares of the company’s stock after selling 100,981 shares during the period. Cwm LLC’s holdings in ACV Auctions were worth $37,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in ACV Auctions by 464.4% during the 1st quarter. Versant Capital Management Inc now owns 2,201 shares of the company’s stock worth $31,000 after buying an additional 1,811 shares during the period. GAMMA Investing LLC raised its holdings in ACV Auctions by 3,005.8% during the 1st quarter. GAMMA Investing LLC now owns 5,932 shares of the company’s stock worth $84,000 after buying an additional 5,741 shares during the period. Integrated Advisors Network LLC acquired a new stake in ACV Auctions during the 4th quarter worth approximately $200,000. Mackenzie Financial Corp acquired a new stake in shares of ACV Auctions in the fourth quarter valued at approximately $206,000. Finally, Bessemer Group Inc. raised its holdings in shares of ACV Auctions by 14.5% in the first quarter. Bessemer Group Inc. now owns 9,911 shares of the company’s stock valued at $140,000 after purchasing an additional 1,257 shares during the last quarter. 88.55% of the stock is currently owned by institutional investors and hedge funds.

ACV Auctions Price Performance

NASDAQ:ACVA opened at $13.79 on Tuesday. ACV Auctions Inc. has a 1-year low of $11.88 and a 1-year high of $23.46. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $15.76 and a 200 day simple moving average of $16.37. The stock has a market capitalization of $2.36 billion, a PE ratio of -28.15 and a beta of 1.70.

ACV Auctions (NASDAQ:ACVA) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%. During the same quarter in the prior year, the firm earned ($0.13) EPS. ACV Auctions’s revenue was up 25.4% compared to the same quarter last year. On average, research analysts expect that ACV Auctions Inc. will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other ACV Auctions news, insider Craig Eric Anderson sold 15,000 shares of ACV Auctions stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $15.04, for a total transaction of $225,600.00. Following the completion of the transaction, the insider directly owned 340,799 shares of the company’s stock, valued at $5,125,616.96. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Waterman sold 223,330 shares of ACV Auctions stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $17.00, for a total transaction of $3,796,610.00. Following the transaction, the insider directly owned 466,548 shares of the company’s stock, valued at approximately $7,931,316. This trade represents a 32.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 272,669 shares of company stock valued at $4,573,351. Company insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACVA. Citigroup lowered their price objective on shares of ACV Auctions from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, July 7th. JPMorgan Chase & Co. lowered their price objective on shares of ACV Auctions from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. JMP Securities lifted their price objective on shares of ACV Auctions from $18.00 to $20.00 and gave the company a “market outperform” rating in a report on Wednesday, July 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of ACV Auctions in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.05.

ACV Auctions Profile

ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company’s marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green’s seller assurance service for against claims related to defects in the vehicle.