ACV Auctions (ACVA)

• Market cap: $3.67B
• 1 day: 4.54%
• 5 days: 7.67%
• 1 month: 2.43%
• 3 months: 5.49%
• 6 months: 23.74%
• Year to date: 47.01%
• 1 year: 49.42%
• 5 years: -29.95%
• 10 years: -29.95%
• Sector: Industrials
• Industry: Business Services

About: ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.

Employees: 2,170

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,710% more call options, than puts

Call options by funds: $3.82M | Put options by funds: $211K

229% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 14

129% more repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 45

16% more funds holding

Funds holding: 197 [Q2] → 229 (+32) [Q3]

13% more capital invested

Capital invested by funds: $2.78B [Q2] → $3.15B (+$371M) [Q3]

8% more funds holding in top 10

Funds holding in top 10: 12 [Q2] → 13 (+1) [Q3]

1.1% less ownership

Funds ownership: 103.08% [Q2] → 101.98% (-1.1%) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $18 18% downside
• Avg. target: $24 12% upside
• High target: $27 23% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

JMP Securities Andrew Boone 73% 1-year accuracy 67 / 92 met price target	14% upside $25	Market Outperform Reiterated	16 Dec 2024
Citigroup Ronald Josey 59% 1-year accuracy 29 / 49 met price target	23% upside $27	Buy Maintained	27 Nov 2024
B. Riley Securities Naved Khan 72% 1-year accuracy 18 / 25 met price target	23% upside $27	Buy Maintained	26 Nov 2024
Needham Chris Pierce 52% 1-year accuracy 33 / 64 met price target	19% upside $26	Buy Reiterated	26 Nov 2024
Piper Sandler Alexander Potter 62% 1-year accuracy 13 / 21 met price target	18% downside $18	Neutral Maintained	8 Nov 2024