Arvin Capital Management LP Has $18.42 Million Stock Holdings in ACV Auctions Inc. $ACVA

Arvin Capital Management LP lifted its holdings in ACV Auctions Inc. (NYSE:ACVA) by 272.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,296,913 shares of the company’s stock after buying an additional 1,680,723 shares during the quarter. ACV Auctions makes up about 3.5% of Arvin Capital Management LP’s holdings, making the stock its 11th largest holding. Arvin Capital Management LP’s holdings in ACV Auctions were worth $18,421,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew its position in shares of ACV Auctions by 72.4% in the 4th quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock valued at $27,000 after purchasing an additional 1,421 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in ACV Auctions by 2,573.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock valued at $30,000 after acquiring an additional 3,629 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in ACV Auctions by 298.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 3,323 shares of the company’s stock valued at $33,000 after acquiring an additional 2,489 shares in the last quarter. Larson Financial Group LLC lifted its stake in ACV Auctions by 38,076.9% in the 4th quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after acquiring an additional 4,950 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in ACV Auctions by 12,979.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after acquiring an additional 5,711 shares in the last quarter. 88.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACVA has been the topic of several research reports. Royal Bank Of Canada upgraded ACV Auctions to an “outperform” rating in a research note on Tuesday, February 24th. B. Riley Financial cut their target price on ACV Auctions from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. The Goldman Sachs Group cut their target price on ACV Auctions from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC restated a “buy” rating and issued a $9.00 target price on shares of ACV Auctions in a research note on Tuesday, February 24th. Finally, Stephens upgraded ACV Auctions to a “hold” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.14.

ACV Auctions Trading Down 6.7%

Shares of ACV Auctions stock opened at $6.02 on Friday. ACV Auctions Inc. has a 12-month low of $4.07 and a 12-month high of $16.83. The stock has a market cap of $1.05 billion, a P/E ratio of -17.19 and a beta of 1.84. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $5.49 and its 200-day moving average is $6.46.

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.