JPMorgan Chase & Co. Sells 656,919 Shares of ACV Auctions Inc. $ACVA

Key Points

• JPMorgan Chase trimmed its position in ACV Auctions by 16.5%, selling 656,919 shares and leaving it with 3,312,634 shares (about 1.92% of the company) valued at roughly $32.8 million.
• CEO George Chamoun purchased 24,272 shares at an average price of $5.05 on March 9, increasing his holding to 2,952,977 shares (a 0.83% rise) and reflecting insider ownership of about 2.90%.
• Stock and analyst snapshot: ACVA (market cap ≈ $815M) reported Q results that missed EPS (‑$0.11 vs. ‑$0.01 est.) but grew revenue 15.2% to $183.65M, and analysts have a "Moderate Buy" consensus with a $10.45 price target.

JPMorgan Chase & Co. reduced its position in ACV Auctions Inc. (NYSE:ACVA - Free Report) by 16.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,312,634 shares of the company's stock after selling 656,919 shares during the period. JPMorgan Chase & Co. owned 1.92% of ACV Auctions worth $32,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in ACV Auctions in the fourth quarter valued at about $392,000. Royal Bank of Canada raised its holdings in ACV Auctions by 14.3% during the 1st quarter. Royal Bank of Canada now owns 83,187 shares of the company's stock worth $1,173,000 after purchasing an additional 10,382 shares during the last quarter. AQR Capital Management LLC acquired a new position in ACV Auctions during the 1st quarter valued at about $197,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ACV Auctions by 19.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 188,904 shares of the company's stock valued at $2,662,000 after purchasing an additional 30,299 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of ACV Auctions by 35.7% in the 1st quarter. Millennium Management LLC now owns 728,697 shares of the company's stock valued at $10,267,000 after purchasing an additional 191,883 shares during the last quarter. Institutional investors own 88.55% of the company's stock.

ACV Auctions Stock Performance

Shares of ACVA stock opened at $4.68 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market cap of $815.35 million, a PE ratio of -12.33 and a beta of 1.69. The stock has a 50-day moving average of $6.65 and a 200-day moving average of $7.91. ACV Auctions Inc. has a one year low of $4.45 and a one year high of $17.54.

ACV Auctions (NYSE:ACVA - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.10). The firm had revenue of $183.65 million for the quarter, compared to the consensus estimate of $181.96 million. ACV Auctions had a negative return on equity of 6.17% and a negative net margin of 8.71%.The firm's revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) EPS.

Analysts Set New Price Targets

Several brokerages have recently commented on ACVA. The Goldman Sachs Group lowered their price target on shares of ACV Auctions from $13.00 to $10.00 and set a "buy" rating for the company in a research report on Tuesday, February 24th. Royal Bank Of Canada upgraded shares of ACV Auctions to an "outperform" rating in a report on Tuesday, February 24th. Wall Street Zen raised shares of ACV Auctions from a "sell" rating to a "hold" rating in a research note on Sunday, February 1st. Barrington Research raised shares of ACV Auctions from a "market perform" rating to an "outperform" rating in a report on Tuesday, February 24th. Finally, CJS Securities upgraded shares of ACV Auctions to a "strong-buy" rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.45.

Insiders Place Their Bets

In other news, CEO George Chamoun purchased 24,272 shares of ACV Auctions stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of $5.05 per share, with a total value of $122,573.60. Following the completion of the transaction, the chief executive officer directly owned 2,952,977 shares in the company, valued at $14,912,533.85. This trade represents a 0.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.90% of the company's stock.

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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