California State Teachers Retirement System Raises Stock Holdings in ACV Auctions Inc. $ACVA

California State Teachers Retirement System increased its stake in shares of ACV Auctions Inc. (NYSE:ACVAFree Report) by 46.0% in the first quarter, HoldingsChannel.com reports. The firm owned 234,207 shares of the company’s stock after buying an additional 73,823 shares during the period. California State Teachers Retirement System’s holdings in ACV Auctions were worth $993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True North Advisors LLC acquired a new stake in shares of ACV Auctions in the first quarter valued at $743,000. Quantinno Capital Management LP grew its holdings in ACV Auctions by 215.8% during the 1st quarter. Quantinno Capital Management LP now owns 425,494 shares of the company’s stock worth $1,804,000 after acquiring an additional 290,739 shares in the last quarter. Fifth Third Bancorp increased its position in shares of ACV Auctions by 3,753.7% in the 1st quarter. Fifth Third Bancorp now owns 130,370 shares of the company’s stock valued at $553,000 after purchasing an additional 126,987 shares during the last quarter. UBS Group AG increased its position in shares of ACV Auctions by 233.8% in the 4th quarter. UBS Group AG now owns 1,527,108 shares of the company’s stock valued at $12,247,000 after purchasing an additional 1,069,644 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of ACV Auctions by 141.7% in the 4th quarter. Royce & Associates LP now owns 1,736,476 shares of the company’s stock valued at $13,927,000 after purchasing an additional 1,018,084 shares during the last quarter. 88.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACVA has been the subject of several analyst reports. Bank of America reaffirmed an “underperform” rating on shares of ACV Auctions in a research report on Tuesday. Citizens Jmp lowered ACV Auctions from an “outperform” rating to a “market perform” rating in a report on Tuesday. Weiss Ratings upgraded shares of ACV Auctions from a “sell (e+)” rating to a “sell (d-)” rating in a research 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 target price for the company. in a research note on Tuesday. Finally, Stephens raised ACV Auctions from an “equal weight” rating to an “overweight” rating and set a $10.50 target price on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.35.

View Our Latest Analysis on ACV Auctions

ACV Auctions Stock Performance

NYSE:ACVA opened at $8.22 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.47 and a debt-to-equity ratio of 0.53. ACV Auctions Inc. has a twelve month low of $4.07 and a twelve month high of $12.21. The company has a market capitalization of $1.40 billion, a P/E ratio of -22.84 and a beta of 1.82. The firm has a 50-day moving average price of $7.15 and a two-hundred day moving average price of $6.17.

ACV Auctions Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ACV Auctions (NYSE:ACVA)

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