ACV Auctions Inc. (NASDAQ:ACVA) CFO Sells $308,550.00 in Stock

ACV Auctions Inc. (NASDAQ:ACVA) CFO William Zerella sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $20.57, for a total value of $308,550.00. Following the sale, the chief financial officer now owns 462,452 shares of the company’s stock, valued at approximately $9,512,637.64. This trade represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

William Zerella also recently made the following trade(s):

• On Monday, December 30th, William Zerella sold 32,500 shares of ACV Auctions stock. The stock was sold at an average price of $21.65, for a total value of $703,625.00.
• On Tuesday, November 26th, William Zerella sold 32,500 shares of ACV Auctions stock. The shares were sold at an average price of $22.41, for a total value of $728,325.00.
• On Tuesday, October 15th, William Zerella sold 32,500 shares of ACV Auctions stock. The stock was sold at an average price of $18.79, for a total transaction of $610,675.00.

ACV Auctions Stock Down 1.8 %

Shares of NASDAQ:ACVA opened at $20.75 on Monday. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of -44.15 and a beta of 1.69. ACV Auctions Inc. has a 12-month low of $12.84 and a 12-month high of $23.46. The business has a 50-day moving average price of $21.26 and a 200 day moving average price of $19.44. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ACVA shares. B. Riley boosted their price target on shares of ACV Auctions from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group upped their price target on ACV Auctions from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Raymond James started coverage on ACV Auctions in a research note on Friday, September 27th. They set a “market perform” rating and a $22.00 price objective on the stock. Barrington Research reiterated an “outperform” rating and set a $23.00 price target on shares of ACV Auctions in a report on Monday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of ACV Auctions in a report on Thursday, December 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Institutional Investors Weigh In On ACV Auctions

A number of institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in shares of ACV Auctions by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 1,419 shares of the company’s stock worth $29,000 after purchasing an additional 884 shares during the period. MCF Advisors LLC raised its holdings in shares of ACV Auctions by 107.0% in the 3rd quarter. MCF Advisors LLC now owns 1,480 shares of the company’s stock valued at $30,000 after buying an additional 765 shares during the period. Park Place Capital Corp lifted its stake in ACV Auctions by 34.1% during the 3rd quarter. Park Place Capital Corp now owns 2,779 shares of the company’s stock worth $56,000 after acquiring an additional 706 shares in the last quarter. Amalgamated Bank boosted its holdings in ACV Auctions by 18.0% during the 2nd quarter. Amalgamated Bank now owns 5,120 shares of the company’s stock valued at $93,000 after acquiring an additional 782 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new position in ACV Auctions in the 3rd quarter valued at about $206,000. 88.55% of the stock is currently owned by institutional investors and hedge funds.

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.