4D Advisors LLC Purchases New Position in ACV Auctions Inc. $ACVA

4D Advisors LLC purchased a new stake in ACV Auctions Inc. (NYSE:ACVA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 750,000 shares of the company’s stock, valued at approximately $6,015,000. ACV Auctions makes up 3.3% of 4D Advisors LLC’s holdings, making the stock its 10th biggest holding.

Other large investors have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC bought a new stake in ACV Auctions during the fourth quarter worth approximately $379,000. PDT Partners LLC boosted its position in shares of ACV Auctions by 64.7% in the fourth quarter. PDT Partners LLC now owns 450,549 shares of the company’s stock valued at $3,613,000 after acquiring an additional 177,042 shares during the period. AQR Capital Management LLC boosted its position in shares of ACV Auctions by 1,540.5% in the fourth quarter. AQR Capital Management LLC now owns 637,332 shares of the company’s stock valued at $5,111,000 after acquiring an additional 598,483 shares during the period. Abel Hall LLC bought a new stake in shares of ACV Auctions in the fourth quarter valued at approximately $87,000. Finally, Jain Global LLC bought a new stake in shares of ACV Auctions in the fourth quarter valued at approximately $253,000. Institutional investors own 88.55% of the company’s stock.

ACV Auctions Price Performance

Shares of ACVA stock opened at $6.18 on Thursday. The stock has a 50-day moving average price of $5.60 and a 200 day moving average price of $6.43. 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 firm has a market cap of $1.08 billion, a price-to-earnings ratio of -17.66 and a beta of 1.84. ACV Auctions Inc. has a 12 month low of $4.07 and a 12 month high of $16.83.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. B. Riley Financial reduced their price objective on ACV Auctions from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Citigroup lowered ACV Auctions from a “buy” rating to a “neutral” rating and cut their target price for the company from $13.00 to $7.00 in a research note on Tuesday, February 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 target price on shares of ACV Auctions in a research report on Tuesday, February 24th. Royal Bank Of Canada raised ACV Auctions to an “outperform” rating in a research report on Tuesday, February 24th. Finally, Barclays reduced their target price on ACV Auctions from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ACV Auctions presently 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.