ACV Auctions Inc. (NASDAQ:ACVA) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in ACV Auctions Inc. (NASDAQ:ACVA) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,699 shares of the company’s stock after acquiring an additional 6,649 shares during the quarter. Harbor Capital Advisors Inc. owned 0.10% of ACV Auctions worth $3,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in ACV Auctions by 165.2% during the third quarter. Blue Trust Inc. now owns 1,419 shares of the company’s stock valued at $29,000 after purchasing an additional 884 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of ACV Auctions by 107.0% in the third quarter. MCF Advisors LLC now owns 1,480 shares of the company’s stock valued at $30,000 after buying an additional 765 shares in the last quarter. Park Place Capital Corp lifted its position in shares of ACV Auctions by 34.1% during the 3rd quarter. Park Place Capital Corp now owns 2,779 shares of the company’s stock valued at $56,000 after acquiring an additional 706 shares during the last quarter. Amalgamated Bank boosted its stake 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 acquiring an additional 782 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new position in shares of ACV Auctions in the 3rd quarter worth $206,000. Institutional investors own 88.55% of the company’s stock.

ACV Auctions Trading Down 1.8 %

ACV Auctions stock opened at $20.75 on Friday. ACV Auctions Inc. has a 12 month low of $12.84 and a 12 month high of $23.46. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.48 billion, a P/E ratio of -44.15 and a beta of 1.69. The company’s fifty day simple moving average is $21.26 and its 200-day simple moving average is $19.42.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price (up from $26.00) on shares of ACV Auctions in a report on Thursday, December 26th. Barrington Research reiterated an “outperform” rating and issued a $23.00 target price on shares of ACV Auctions in a report on Monday, November 4th. Raymond James started coverage on shares of ACV Auctions in a research report on Friday, September 27th. They issued a “market perform” rating and a $22.00 target price on the stock. Citigroup raised their price objective on shares of ACV Auctions from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group lifted their price objective on shares of ACV Auctions from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ACV Auctions has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling at ACV Auctions

In other ACV Auctions news, insider Michael Waterman sold 18,001 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $18.79, for a total value of $338,238.79. Following the completion of the sale, the insider now directly owns 337,190 shares of the company’s stock, valued at $6,335,800.10. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William Zerella sold 32,500 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.41, for a total transaction of $728,325.00. Following the transaction, the chief financial officer now owns 490,482 shares in the company, valued at $10,991,701.62. This represents a 6.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,663 shares of company stock worth $3,308,640 over the last 90 days. 8.50% of the stock is currently owned by corporate insiders.

ACV Auctions Company Profile

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.