ACV Auctions Inc. (NASDAQ:ACVA) Insider Craig Eric Anderson Sells 5,000 Shares of Stock

ACV Auctions Inc. (NASDAQ:ACVAGet Free Report) insider Craig Eric Anderson sold 5,000 shares of ACV Auctions stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $19.07, for a total transaction of $95,350.00. Following the sale, the insider now owns 202,797 shares of the company’s stock, valued at $3,867,338.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Craig Eric Anderson also recently made the following trade(s):

  • On Wednesday, February 28th, Craig Eric Anderson sold 5,000 shares of ACV Auctions stock. The shares were sold at an average price of $18.00, for a total transaction of $90,000.00.
  • On Tuesday, January 2nd, Craig Eric Anderson sold 129,552 shares of ACV Auctions stock. The stock was sold at an average price of $14.89, for a total value of $1,929,029.28.

ACV Auctions Stock Down 0.5 %

Shares of NASDAQ ACVA opened at $18.77 on Friday. ACV Auctions Inc. has a 52-week low of $11.58 and a 52-week high of $19.54. The firm has a fifty day moving average of $16.14 and a 200-day moving average of $15.17. The stock has a market capitalization of $3.08 billion, a PE ratio of -40.80 and a beta of 1.56. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.25.

ACV Auctions (NASDAQ:ACVAGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. ACV Auctions had a negative net margin of 15.64% and a negative return on equity of 13.97%. The company had revenue of $118.38 million during the quarter, compared to analysts’ expectations of $117.62 million. On average, analysts anticipate that ACV Auctions Inc. will post -0.29 EPS for the current year.

Institutional Trading of ACV Auctions

Several institutional investors have recently made changes to their positions in ACVA. Congress Asset Management Co. MA boosted its position in ACV Auctions by 7.3% during the 4th quarter. Congress Asset Management Co. MA now owns 396,356 shares of the company’s stock worth $6,005,000 after purchasing an additional 26,915 shares during the period. Price T Rowe Associates Inc. MD boosted its position in ACV Auctions by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 72,926 shares of the company’s stock worth $1,105,000 after purchasing an additional 3,427 shares during the period. GSA Capital Partners LLP acquired a new position in ACV Auctions in the 4th quarter worth $479,000. Legal & General Group Plc lifted its holdings in ACV Auctions by 7.9% in the 4th quarter. Legal & General Group Plc now owns 130,640 shares of the company’s stock worth $1,979,000 after buying an additional 9,617 shares in the last quarter. Finally, Barclays PLC lifted its holdings in ACV Auctions by 338.8% in the 4th quarter. Barclays PLC now owns 201,804 shares of the company’s stock worth $3,057,000 after buying an additional 155,817 shares in the last quarter. 88.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Northcoast Research upgraded ACV Auctions from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, January 10th. Needham & Company LLC restated a “buy” rating and set a $23.00 price objective on shares of ACV Auctions in a research report on Thursday, February 22nd. Finally, JMP Securities cut their price objective on ACV Auctions from $20.00 to $19.00 and set a “market outperform” rating for the company in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.21.

Read Our Latest Stock Report on ACVA

ACV Auctions Company Profile

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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.

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Insider Buying and Selling by Quarter for ACV Auctions (NASDAQ:ACVA)

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