ACV Auctions Inc. $ACVA Stock Position Lifted by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lifted its position in ACV Auctions Inc. (NYSE:ACVA) by 30.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,337,335 shares of the company’s stock after acquiring an additional 1,475,932 shares during the quarter. ACV Auctions accounts for approximately 1.2% of ArrowMark Colorado Holdings LLC’s holdings, making the stock its 26th largest position. ArrowMark Colorado Holdings LLC owned 3.68% of ACV Auctions worth $62,803,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC lifted its stake in ACV Auctions by 3.3% during the third quarter. William Blair Investment Management LLC now owns 11,471,709 shares of the company’s stock worth $113,685,000 after purchasing an additional 362,003 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in ACV Auctions by 0.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,143,400 shares of the company’s stock valued at $148,306,000 after purchasing an additional 58,570 shares during the last quarter. Wasatch Advisors LP increased its stake in ACV Auctions by 301.0% during the second quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company’s stock valued at $118,331,000 after purchasing an additional 5,475,874 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of ACV Auctions by 14.1% during the third quarter. Alliancebernstein L.P. now owns 6,332,313 shares of the company’s stock worth $62,753,000 after purchasing an additional 784,411 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of ACV Auctions by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 3,969,553 shares of the company’s stock worth $64,386,000 after purchasing an additional 15,871 shares during the period. 88.55% of the stock is currently owned by institutional investors.

ACV Auctions Stock Performance

Shares of ACVA opened at $4.85 on Friday. ACV Auctions Inc. has a 1 year low of $4.45 and a 1 year high of $17.54. The company has a market cap of $843.37 million, a price-to-earnings ratio of -12.75 and a beta of 1.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a fifty day moving average of $7.04 and a 200-day moving average of $8.17.

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). The firm had revenue of $183.65 million during the quarter, compared to analyst estimates of $181.96 million. ACV Auctions had a negative return on equity of 6.17% and a negative net margin of 8.71%.The firm’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned ($0.16) EPS.

Analysts Set New Price Targets

Several research analysts have recently commented on ACVA shares. Royal Bank Of Canada raised shares of ACV Auctions to an “outperform” rating in a report on Tuesday, February 24th. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price objective on shares of ACV Auctions in a research note on Tuesday, February 24th. Wall Street Zen raised shares of ACV Auctions from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. Barrington Research upgraded ACV Auctions from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 24th. Finally, Barclays lowered their target price on 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 equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.32.

Insider Buying and Selling

In other news, CEO George Chamoun bought 31,172 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was purchased at an average price of $7.97 per share, for a total transaction of $248,440.84. Following the transaction, the chief executive officer owned 2,618,714 shares in the company, valued at approximately $20,871,150.58. This trade represents a 1.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have bought 69,730 shares of company stock valued at $496,874. 2.90% of the stock is currently owned by corporate insiders.

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.