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Tudor Investment Corp ET AL Acquires 528,390 Shares of ACV Auctions Inc. $ACVA

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Key Points

  • Tudor Investment Corp increased its stake in ACV Auctions by 116.3% in Q3, buying an additional 528,390 shares to hold 982,558 shares (about 0.57% of the company) valued at $9.74 million, while institutional investors now own roughly 88.55% of the stock and other large holders like Wasatch Advisors and ArrowMark made sizable moves.
  • ACV Auctions shares trade near $4.68 (52‑week range $4.45–$17.54) with a market cap of about $815M; the company reported a Q4 quarter loss of $0.11 EPS (missing estimates) but revenue rose 15.2% year‑over‑year to $183.65 million.
  • Insider activity and analyst sentiment are mixed: CEO George Chamoun purchased 24,272 shares at $5.05, insiders own 2.90%, and analysts average a "Moderate Buy" with an average target of $10.45.
  • Five stocks to consider instead of ACV Auctions.

Tudor Investment Corp ET AL boosted its holdings in shares of ACV Auctions Inc. (NYSE:ACVA - Free Report) by 116.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 982,558 shares of the company's stock after purchasing an additional 528,390 shares during the quarter. Tudor Investment Corp ET AL owned about 0.57% of ACV Auctions worth $9,737,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its stake in ACV Auctions by 301.0% in the 2nd quarter. Wasatch Advisors LP now owns 7,295,400 shares of the company's stock worth $118,331,000 after purchasing an additional 5,475,874 shares during the period. SG Capital Management LLC purchased a new position in shares of ACV Auctions in the third quarter worth $17,103,000. ArrowMark Colorado Holdings LLC boosted its position in shares of ACV Auctions by 30.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 6,337,335 shares of the company's stock worth $62,803,000 after acquiring an additional 1,475,932 shares during the last quarter. Hawk Ridge Capital Management LP bought a new position in shares of ACV Auctions during the third quarter worth $14,502,000. Finally, Atreides Management LP grew its stake in ACV Auctions by 17.4% during the third quarter. Atreides Management LP now owns 5,510,790 shares of the company's stock valued at $54,612,000 after acquiring an additional 816,556 shares in the last quarter. 88.55% of the stock is owned by hedge funds and other institutional investors.

ACV Auctions Price Performance

ACVA stock opened at $4.68 on Monday. ACV Auctions Inc. has a 52 week low of $4.45 and a 52 week high of $17.54. The firm has a market capitalization of $815.35 million, a P/E ratio of -12.33 and a beta of 1.69. The company has a fifty day simple moving average of $6.65 and a two-hundred day simple moving average of $7.91. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.44.

ACV Auctions (NYSE:ACVA - Get Free Report) last announced 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). The business had revenue of $183.65 million for the quarter, compared to analysts' expectations of $181.96 million. ACV Auctions had a negative net margin of 8.71% and a negative return on equity of 6.17%. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.16) earnings per share.

Insider Buying and Selling at ACV Auctions

In related news, CEO George Chamoun bought 24,272 shares of the business's stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $5.05 per share, with a total value of $122,573.60. Following the transaction, the chief executive officer 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 link. Corporate insiders own 2.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of ACV Auctions in a research note on Monday, December 29th. Barclays reduced their target price on ACV Auctions from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Monday, March 2nd. CJS Securities upgraded ACV Auctions to a "strong-buy" rating in a research report on Thursday, December 11th. Royal Bank Of Canada raised ACV Auctions to an "outperform" rating in a research note on Tuesday, February 24th. Finally, Jefferies Financial Group downgraded ACV Auctions from a "buy" rating to a "hold" rating and set a $9.00 price objective on the stock. in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.45.

Check Out Our Latest Stock Report on ACV Auctions

About ACV Auctions

(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.

Read More

Want to see what other hedge funds are holding ACVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACV Auctions Inc. (NYSE:ACVA - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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