Quantinno Capital Management LP raised its stake in ACV Auctions Inc. (NYSE:ACVA – Free Report) by 215.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 425,494 shares of the company’s stock after purchasing an additional 290,739 shares during the quarter. Quantinno Capital Management LP owned 0.24% of ACV Auctions worth $1,804,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Atreides Management LP grew its holdings in ACV Auctions by 125.2% during the fourth quarter. Atreides Management LP now owns 12,411,800 shares of the company’s stock worth $99,543,000 after buying an additional 6,901,010 shares in the last quarter. Wasatch Advisors LP lifted its stake in ACV Auctions by 301.0% during the 2nd quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company’s stock valued at $118,331,000 after acquiring an additional 5,475,874 shares in the last quarter. Sunriver Management LLC purchased a new position in ACV Auctions during the 4th quarter worth $23,768,000. Arvin Capital Management LP boosted its holdings in ACV Auctions by 272.8% during the 4th quarter. Arvin Capital Management LP now owns 2,296,913 shares of the company’s stock worth $18,421,000 after acquiring an additional 1,680,723 shares during the last quarter. Finally, Hawk Ridge Capital Management LP bought a new stake in shares of ACV Auctions in the 3rd quarter worth $14,502,000. Institutional investors own 88.55% of the company’s stock.
ACV Auctions News Roundup
Here are the key news stories impacting ACV Auctions this week:
- Positive Sentiment: ACV reported second-quarter adjusted earnings of $0.06 per share, above the $0.05 consensus estimate. Revenue increased 10.5% year over year to approximately $213.9 million, while the company delivered stronger-than-expected adjusted EBITDA. ACV Auctions Inc. Q2 Earnings Top Estimates
- Positive Sentiment: Management forecast third-quarter revenue of $219 million to $225 million, broadly around analyst expectations, and maintained its 2026 adjusted EBITDA outlook at $73 million to $77 million. The company is also launching ViPR, a marketplace-services initiative that could support future growth. ACV Forecasts Q3 Revenue and Maintains 2026 EBITDA Outlook
- Positive Sentiment: Stephens upgraded ACVA from “equal weight” to “overweight” and assigned a $10.50 price target, implying substantial upside from the recent trading level.
- Positive Sentiment: A report that ACV is weighing strategic options helped fuel investor interest, although the report does not establish that a sale or other transaction will occur. ACV Auctions Weighing Strategic Options
- Neutral Sentiment: ACV appointed Tim Fox as chief financial officer, effective August 11, succeeding Bill Zerella. The leadership change may draw attention but was presented as a planned transition, with Zerella leaving to become CFO elsewhere. ACV Appoints Tim Fox as Chief Financial Officer
- Negative Sentiment: Quarterly revenue came in slightly below expectations, and some reports characterized the earnings release as a miss. MarketBeat reported a GAAP loss of $0.05 per share versus an expected $0.05 profit, highlighting that ACV remains unprofitable on a GAAP basis. ACV Auctions Quarterly Earnings Report
- Negative Sentiment: Citizens JMP downgraded ACVA from “market outperform” to “market perform,” creating a counterweight to Stephens’ bullish upgrade.
ACV Auctions Stock Performance
Analyst Ratings Changes
Several brokerages have recently commented on ACVA. Weiss Ratings upgraded shares of ACV Auctions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. Barclays downgraded shares of ACV Auctions from an “equal weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a research report on Tuesday. Citizens Jmp lowered shares of ACV Auctions from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Bank of America reissued an “underperform” rating on shares of ACV Auctions in a research report on Tuesday. Finally, Barrington Research upgraded ACV Auctions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ACV Auctions presently has a consensus rating of “Hold” and an average price target of $9.35.
Read Our Latest Stock Report on ACVA
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.
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