Vestmark Advisory Solutions Inc. Increases Stake in ACV Auctions Inc. $ACVA

Vestmark Advisory Solutions Inc. raised its holdings in shares of ACV Auctions Inc. (NASDAQ:ACVA) by 134.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,697 shares of the company’s stock after buying an additional 51,414 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.05% of ACV Auctions worth $1,455,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ACVA. Brighton Jones LLC lifted its stake in shares of ACV Auctions by 2.1% in the second quarter. Brighton Jones LLC now owns 40,703 shares of the company’s stock worth $660,000 after buying an additional 823 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in ACV Auctions by 6.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 15,845 shares of the company’s stock valued at $257,000 after acquiring an additional 960 shares during the last quarter. Bank of Montreal Can raised its holdings in ACV Auctions by 13.8% in the 2nd quarter. Bank of Montreal Can now owns 14,384 shares of the company’s stock valued at $233,000 after acquiring an additional 1,746 shares during the last quarter. CWM LLC lifted its stake in ACV Auctions by 77.4% in the 2nd quarter. CWM LLC now owns 4,642 shares of the company’s stock worth $75,000 after purchasing an additional 2,026 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of ACV Auctions by 9.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 24,534 shares of the company’s stock worth $398,000 after purchasing an additional 2,146 shares during the last quarter. 88.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACVA has been the subject of a number of analyst reports. Bank of America restated an “underperform” rating and issued a $6.00 price target (down from $16.50) on shares of ACV Auctions in a research report on Thursday. Barrington Research cut ACV Auctions from an “outperform” rating to a “market perform” rating in a report on Thursday. JMP Securities cut their target price on ACV Auctions from $20.00 to $18.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 12th. Jefferies Financial Group lowered their price target on shares of ACV Auctions from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ACV Auctions from $18.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.75.

ACV Auctions Price Performance

Shares of ACVA opened at $5.39 on Monday. The company has a market cap of $926.97 million, a P/E ratio of -10.99 and a beta of 1.63. ACV Auctions Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $23.46. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average price is $9.61 and its 200 day moving average price is $13.16.

ACV Auctions (NASDAQ:ACVA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. ACV Auctions had a negative return on equity of 12.94% and a negative net margin of 12.51%.The company had revenue of $199.56 million for the quarter, compared to the consensus estimate of $200.26 million. During the same quarter in the prior year, the business earned $0.04 EPS. ACV Auctions’s revenue was up 16.5% on a year-over-year basis. 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.

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.