ACV Auctions Inc. (NASDAQ:ACVA – Get Free Report) VP Andrew Peer sold 1,795 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $21.00, for a total value of $37,695.00. Following the completion of the transaction, the vice president now owns 62,956 shares of the company’s stock, valued at $1,322,076. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
ACV Auctions Trading Up 0.9 %
NASDAQ:ACVA opened at $20.92 on Wednesday. ACV Auctions Inc. has a 52 week low of $12.84 and a 52 week high of $21.09. The firm’s fifty day moving average is $18.42 and its 200-day moving average is $18.16. The firm has a market cap of $3.45 billion, a P/E ratio of -43.58 and a beta of 1.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.49 and a current ratio of 1.49.
ACV Auctions (NASDAQ:ACVA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. ACV Auctions had a negative return on equity of 13.20% and a negative net margin of 14.53%. The firm had revenue of $160.62 million during the quarter, compared to the consensus estimate of $156.33 million. Equities analysts expect that ACV Auctions Inc. will post -0.36 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Stock Report on ACVA
Institutional Investors Weigh In On ACV Auctions
Several large investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its holdings in shares of ACV Auctions by 18.0% during the 2nd quarter. Amalgamated Bank now owns 5,120 shares of the company’s stock worth $93,000 after buying an additional 782 shares in the last quarter. UMB Bank n.a. acquired a new stake in ACV Auctions in the first quarter worth $114,000. Penn Mutual Asset Management LLC bought a new stake in ACV Auctions in the fourth quarter valued at $153,000. Public Employees Retirement Association of Colorado acquired a new position in shares of ACV Auctions during the second quarter valued at about $225,000. Finally, Blair William & Co. IL boosted its position in shares of ACV Auctions by 14.7% during the 1st quarter. Blair William & Co. IL now owns 12,691 shares of the company’s stock worth $238,000 after purchasing an additional 1,626 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.
About ACV Auctions
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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