GSA Capital Partners LLP Raises Holdings in ACV Auctions Inc. $ACVA

GSA Capital Partners LLP boosted its holdings in shares of ACV Auctions Inc. (NYSE:ACVA) by 240.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,193 shares of the company’s stock after buying an additional 115,991 shares during the quarter. GSA Capital Partners LLP owned approximately 0.10% of ACV Auctions worth $1,317,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ACVA. Fifth Third Bancorp grew its holdings in ACV Auctions by 72.4% in the fourth quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock worth $27,000 after purchasing an additional 1,421 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in ACV Auctions by 298.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock worth $33,000 after purchasing an additional 2,489 shares during the last quarter. Larson Financial Group LLC grew its holdings in ACV Auctions by 38,076.9% in the fourth quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock worth $40,000 after purchasing an additional 4,950 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in ACV Auctions by 12,979.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock worth $46,000 after purchasing an additional 5,711 shares during the last quarter. Finally, Covestor Ltd grew its holdings in ACV Auctions by 39.9% in the third quarter. Covestor Ltd now owns 5,785 shares of the company’s stock worth $57,000 after purchasing an additional 1,649 shares during the last quarter. 88.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ACV Auctions

In related news, CEO George Chamoun acquired 24,272 shares of the stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $5.05 per share, for a total transaction of $122,573.60. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.40% of the company’s stock.

ACV Auctions Trading Up 1.0%

NYSE:ACVA opened at $5.98 on Thursday. ACV Auctions Inc. has a 12 month low of $4.07 and a 12 month high of $17.16. The firm has a fifty day simple moving average of $5.01 and a 200-day simple moving average of $6.55. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.04 billion, a P/E ratio of -17.09 and a beta of 1.78.

ACV Auctions (NYSE:ACVA) last posted its quarterly earnings data on Monday, February 23rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.10). ACV Auctions had a negative return on equity of 5.52% and a negative net margin of 7.97%.The company had revenue of $183.65 million for the quarter, compared to analyst estimates of $181.96 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. On average, equities research analysts anticipate that ACV Auctions Inc. will post -0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. 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 raised shares of ACV Auctions from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 24th. Barclays cut their price target on shares of ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price target on shares of ACV Auctions in a report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.45.

ACV Auctions Company Profile

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.