Counterpoint Mutual Funds LLC Purchases Shares of 200,664 ACV Auctions Inc. $ACVA

Counterpoint Mutual Funds LLC purchased a new position in ACV Auctions Inc. (NYSE:ACVA) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,664 shares of the company’s stock, valued at approximately $851,000. Counterpoint Mutual Funds LLC owned approximately 0.12% of ACV Auctions as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its holdings in ACV Auctions by 72.4% in the 4th quarter. Fifth Third Bancorp now owns 3,383 shares of the company’s stock valued at $27,000 after acquiring an additional 1,421 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in ACV Auctions by 2,573.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,770 shares of the company’s stock worth $30,000 after purchasing an additional 3,629 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of ACV Auctions by 38,076.9% during the 4th quarter. Larson Financial Group LLC now owns 4,963 shares of the company’s stock valued at $40,000 after purchasing an additional 4,950 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of ACV Auctions by 12,979.5% during the 4th quarter. Farther Finance Advisors LLC now owns 5,755 shares of the company’s stock valued at $46,000 after purchasing an additional 5,711 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of ACV Auctions during the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 88.55% of the company’s stock.

ACV Auctions Price Performance

ACVA stock opened at $7.31 on Friday. ACV Auctions Inc. has a 52 week low of $4.07 and a 52 week high of $16.76. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $6.10 and a two-hundred day simple moving average of $6.34. The firm has a market capitalization of $1.28 billion, a P/E ratio of -20.88 and a beta of 1.82.

Analysts Set New Price Targets

ACVA has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ACV Auctions in a report on Wednesday, June 24th. Stephens raised ACV Auctions to a “hold” rating in a research note on Monday, June 1st. Finally, Barrington Research cut ACV Auctions from an “outperform” rating to a “market perform” rating and set a $7.00 price target for the company. in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.14.

About ACV Auctions

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.