ACV Auctions Inc. $ACVA Shares Acquired by Senvest Management LLC

Senvest Management LLC boosted its position in ACV Auctions Inc. (NASDAQ:ACVA) by 144.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,689,290 shares of the company’s stock after buying an additional 999,290 shares during the period. ACV Auctions makes up approximately 0.9% of Senvest Management LLC’s investment portfolio, making the stock its 26th largest holding. Senvest Management LLC’s holdings in ACV Auctions were worth $27,400,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of ACV Auctions in the 1st quarter valued at $35,000. CWM LLC lifted its position in ACV Auctions by 77.4% during the second quarter. CWM LLC now owns 4,642 shares of the company’s stock valued at $75,000 after purchasing an additional 2,026 shares during the period. AlphaQuest LLC grew its position in ACV Auctions by 2,640.6% during the 1st quarter. AlphaQuest LLC now owns 6,687 shares of the company’s stock worth $94,000 after purchasing an additional 6,443 shares during the period. Olympiad Research LP acquired a new stake in shares of ACV Auctions during the 2nd quarter worth approximately $164,000. Finally, Bryce Point Capital LLC purchased a new stake in ACV Auctions during the second quarter worth $176,000. 88.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACVA. Jefferies Financial Group lowered their target price on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Barrington Research downgraded ACV Auctions from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 6th. Stephens dropped their price objective on ACV Auctions from $16.00 to $11.50 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. JMP Securities decreased their target price on ACV Auctions from $20.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Finally, Needham & Company LLC cut their price target on shares of ACV Auctions from $14.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ACV Auctions has an average rating of “Moderate Buy” and a consensus price target of $13.95.

ACV Auctions Price Performance

Shares of ACVA opened at $6.28 on Tuesday. The firm’s 50 day moving average price is $8.94 and its 200 day moving average price is $12.78. The company has a market cap of $1.08 billion, a P/E ratio of -12.82 and a beta of 1.63. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.28. ACV Auctions Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $23.46.

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

Insider Activity

In other news, Director Robert P. Goodman bought 912,408 shares of ACV Auctions stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $5.61 per share, with a total value of $5,118,608.88. Following the completion of the acquisition, the director directly owned 912,408 shares in the company, valued at $5,118,608.88. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Hirsch purchased 80,571 shares of the stock in a transaction on Friday, November 14th. The shares were purchased at an average price of $6.21 per share, with a total value of $500,345.91. Following the acquisition, the director directly owned 99,678 shares in the company, valued at $619,000.38. This represents a 421.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.90% of the company’s stock.

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.