One Charles Private Wealth Services LLC Lowers Stake in ACV Auctions Inc. $ACVA

One Charles Private Wealth Services LLC lowered its stake in shares of ACV Auctions Inc. (NYSE:ACVA) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 784,552 shares of the company’s stock after selling 161,257 shares during the period. ACV Auctions accounts for about 1.6% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 14th biggest holding. One Charles Private Wealth Services LLC’s holdings in ACV Auctions were worth $6,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in ACV Auctions by 72.4% during the fourth quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock worth $27,000 after buying an additional 1,421 shares during the period. Aster Capital Management DIFC Ltd increased its position in shares of ACV Auctions by 298.4% during 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 in the last quarter. Larson Financial Group LLC increased its position in shares of ACV Auctions by 38,076.9% during 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 in the last quarter. Farther Finance Advisors LLC increased its position in shares of ACV Auctions by 12,979.5% during 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 in the last quarter. Finally, Covestor Ltd increased its position in shares of ACV Auctions by 39.9% during 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 in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

Insider Activity

In other news, CEO George Chamoun bought 24,272 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average cost of $5.05 per share, with a total value of $122,573.60. Following the transaction, the chief executive officer directly owned 2,952,977 shares in the company, valued at approximately $14,912,533.85. The trade was a 0.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.40% of the stock is currently owned by insiders.

ACV Auctions Price Performance

NYSE ACVA opened at $5.91 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s fifty day moving average price is $5.02 and its 200 day moving average price is $6.53. ACV Auctions Inc. has a 1 year low of $4.07 and a 1 year high of $17.16. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -16.90 and a beta of 1.78.

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

Analyst Upgrades and Downgrades

ACVA has been the topic of a number of recent analyst reports. B. Riley Financial reduced their price target on ACV Auctions from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Royal Bank Of Canada raised ACV Auctions to an “outperform” rating in a research report on Tuesday, February 24th. Barrington Research raised ACV Auctions from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a research report on Friday, March 27th. Finally, The Goldman Sachs Group reduced their price target on ACV Auctions from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.45.

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.