ACV Auctions (NASDAQ:ACVA) Director Brian Hirsch Acquires 80,571 Shares

ACV Auctions Inc. (NASDAQ:ACVA) Director Brian Hirsch purchased 80,571 shares of ACV Auctions stock in a transaction on Friday, November 14th. The shares were acquired at an average price of $6.21 per share, for a total transaction of $500,345.91. Following the completion of the transaction, the director directly owned 99,678 shares of the company’s stock, valued at approximately $619,000.38. The trade was a 421.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ACV Auctions Trading Down 2.0%

Shares of ACVA traded down $0.13 during mid-day trading on Friday, reaching $6.25. The company’s stock had a trading volume of 5,389,306 shares, compared to its average volume of 2,649,520. ACV Auctions Inc. has a 52 week low of $4.95 and a 52 week high of $23.46. The stock has a market cap of $1.07 billion, a PE ratio of -12.74 and a beta of 1.63. The company’s fifty day moving average price is $9.04 and its two-hundred day moving average price is $12.87. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28.

ACV Auctions (NASDAQ:ACVA) last released its earnings results on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $199.56 million for the quarter, compared to analyst estimates of $200.26 million. ACV Auctions had a negative net margin of 12.51% and a negative return on equity of 12.94%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. ACV Auctions has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that ACV Auctions Inc. will post -0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ACVA has been the subject of several analyst reports. Citigroup dropped their target price on ACV Auctions from $21.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Stephens dropped their price objective on ACV Auctions from $16.00 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. Jefferies Financial Group cut their target price on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 17th. JMP Securities lowered their price target on shares of ACV Auctions from $20.00 to $18.00 and set a “market outperform” rating for the company in a report on Tuesday, August 12th. Finally, Barrington Research lowered shares of ACV Auctions from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ACV Auctions currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.95.

Institutional Investors Weigh In On ACV Auctions

Institutional investors and hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd boosted its stake in shares of ACV Auctions by 298.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock valued at $33,000 after purchasing an additional 2,489 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in ACV Auctions in the first quarter worth about $35,000. Covestor Ltd boosted its position in ACV Auctions by 39.9% during the 3rd quarter. Covestor Ltd now owns 5,785 shares of the company’s stock valued at $57,000 after acquiring an additional 1,649 shares in the last quarter. CWM LLC grew its holdings in shares of ACV Auctions by 77.4% during the 2nd quarter. CWM LLC now owns 4,642 shares of the company’s stock worth $75,000 after acquiring an additional 2,026 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of ACV Auctions in the 2nd quarter worth approximately $87,000. 88.55% of the stock is owned by hedge funds and other institutional investors.

ACV Auctions Company 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.