ACV Auctions (ACVA)

• Market cap: $3.5B
• 1 day: 1.96%
• 5 days: -2.20%
• 1 month: -1.18%
• 3 months: 20.93%
• 6 months: 37.69%
• Year to date: -0.38%
• 1 year: 50.07%
• 5 years: -33.25%
• 10 years: -33.25%
• 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

283% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 12

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]

14% more capital invested

Capital invested by funds: $2.84B [Q2] → $3.22B (+$383M) [Q3]

8% more funds holding in top 10

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

0.94% less ownership

Funds ownership: 105.01% [Q2] → 104.07% (-0.94%) [Q3]

Research analyst outlook

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

• Low target: $18 14% downside
• Avg. target: $24 16% upside
• High target: $28 34% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

Stephens & Co. Daniel Imbro 48% 1-year accuracy 13 / 27 met price target	4% downside $20	Equal-Weight Initiated	22 Jan 2025
Needham Chris Pierce 54% 1-year accuracy 38 / 71 met price target	34% upside $28	Buy Maintained	26 Dec 2024
JMP Securities Andrew Boone 79% 1-year accuracy 71 / 90 met price target	20% upside $25	Market Outperform Reiterated	16 Dec 2024
Citigroup Ronald Josey 66% 1-year accuracy 33 / 50 met price target	29% upside $27	Buy Maintained	27 Nov 2024
B. Riley Securities Naved Khan 72% 1-year accuracy 18 / 25 met price target	29% upside $27	Buy Maintained	26 Nov 2024