Latest News on ACVA

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Wall Street Analysts Are Bullish on Top Communication Services Picks

https://www.theglobeandmail.com/investing/markets/stocks/RDDT/pressreleases/133611/wall-street-analysts-are-bullish-on-top-communication-services-picks/
Wall Street analysts are showing bullish sentiment towards several Communication Services stocks, specifically Reddit Inc Class A (RDDT) and Meta Platforms (META). Analysts like Colantuoni from TipRanks and Maria Ripps from Canaccord Genuity have issued "Buy" ratings, with significant upside potential predicted for both companies based on average price targets.

Wall Street Analysts Are Bullish on Top Communication Services Picks

https://www.theglobeandmail.com/investing/markets/stocks/RDDT-N/pressreleases/133611/wall-street-analysts-are-bullish-on-top-communication-services-picks/
Wall Street analysts are optimistic about the Communication Services sector, with bullish sentiments for Reddit Inc Class A (RDDT) and Meta Platforms (META). Reddit has a Moderate Buy consensus with a 71.6% upside, and Meta Platforms holds a Strong Buy consensus with a 28.5% upside, according to recent analyst reports.

Top 3 Industrials Stocks That Are Preparing To Pump This Month

https://www.sahmcapital.com/news/content/top-3-industrials-stocks-that-are-preparing-to-pump-this-month-2026-02-04
This article identifies three industrial stocks—Mueller Industries Inc (MLI), Joby Aviation Inc (JOBY), and ACV Auctions Inc (ACVA)—that are currently oversold, with RSIs near or below 30, suggesting potential for an upward price correction. Mueller Industries reported record annual income despite a recent stock dip, Joby Aviation filed for a $1 billion offering and saw a significant month-long decline, and ACV Auctions' stock also fell recently ahead of its Q4 earnings report.

Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Position in ACV Auctions Inc. $ACVA

https://www.marketbeat.com/instant-alerts/filing-universal-beteiligungs-und-servicegesellschaft-mbh-decreases-stock-position-in-acv-auctions-inc-acva-2026-02-02/
Universal Beteiligungs und Servicegesellschaft mbH significantly reduced its stake in ACV Auctions Inc. (NASDAQ:ACVA) by 66.9% in the third quarter, selling 149,773 shares and retaining 74,156 shares valued at $735,000. Despite this reduction by one institutional investor, other hedge funds increased their positions in ACVA. The article also highlights significant insider buying by ACV Auctions' CEO and Director, while analysts maintain a "Hold" rating with a consensus price target above the current trading price.

ACV Auctions Inc. (NASDAQ:ACVA) Receives Consensus Rating of "Hold" from Brokerages

https://www.marketbeat.com/instant-alerts/acv-auctions-inc-nasdaqacva-receives-consensus-rating-of-hold-from-brokerages-2026-02-02/
ACV Auctions Inc. (NASDAQ:ACVA) has received a consensus "Hold" rating from brokerages, based on analysis from eleven analysts with an average 12-month price target of $11.85. Despite several analysts lowering their price targets recently, significant insider buying has been reported, with a director and the CEO acquiring shares worth millions. The company remains unprofitable, though it reported 16.5% revenue growth in its last quarter.
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ACV Auctions Inc. (NYSE:ACVA) Given Average Recommendation of "Hold" by Analysts

https://www.marketbeat.com/instant-alerts/acv-auctions-inc-nyseacva-given-average-recommendation-of-hold-by-analysts-2026-01-31/
ACV Auctions Inc. (NYSE:ACVA) has received an average "Hold" recommendation from six analysts, with a 12-month average price target of $9.00. The company recently reported quarterly EPS of ($0.14), missing estimates, and had revenue of $199.6M. ACVA's stock opened at $7.82, has a market cap of $1.35B, and trades below its 200-day moving average.

ACV Auctions Inc. $ACVA Shares Sold by Massachusetts Financial Services Co. MA

https://www.marketbeat.com/instant-alerts/filing-acv-auctions-inc-acva-shares-sold-by-massachusetts-financial-services-co-ma-2026-01-21/
Massachusetts Financial Services Co. MA significantly reduced its stake in ACV Auctions Inc. ($ACVA) by 27.3% in the third quarter of 2025, selling over 2.4 million shares. Despite this, institutional investors still own a substantial portion of the company, and various other hedge funds adjusted their positions. While analyst sentiment is mixed with a "Hold" consensus, company insiders have recently made significant purchases, increasing their total ownership to nearly 3%.

Assessing ACV Auctions (ACVA) Valuation After Mixed Share Price Performance

https://finance.yahoo.com/news/assessing-acv-auctions-acva-valuation-131402564.html
ACV Auctions (ACVA) has seen mixed share price performance recently, with a 4.3% gain over the past month but a 6.6% decline over three months, and a 59.9% decline over the last year. Despite a fair value estimate of US$10.46 suggesting the stock is undervalued compared to its current price of US$8.47, a different analysis using price-to-sales ratios indicates it might be expensive relative to peers. Investors are encouraged to consider various analytical perspectives and risks before making investment decisions.

ACV Auctions Inc. (NASDAQ:ACVA) Given Average Recommendation of "Hold" by Analysts

https://www.marketbeat.com/instant-alerts/acv-auctions-inc-nasdaqacva-given-average-recommendation-of-hold-by-analysts-2026-01-08/
Eleven analysts have given ACV Auctions Inc. (NASDAQ:ACVA) an average "Hold" recommendation, with a 12-month average target price of $11.75. Insider activity shows significant purchases by the CEO and a director, totaling over one million shares in the last quarter. Despite reporting quarterly EPS in line with estimates and a 16.5% YoY revenue increase, the company remains unprofitable with negative net margin and ROE, and its stock is trading below its 200-day moving average.

ACV Auctions Inc. (ACVA) Matches Q2 Earnings Estimates

https://www.msn.com/en-us/money/taxes/acv-auctions-inc-acva-matches-q2-earnings-estimates/ar-AA1Kl1fk?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1
This article from MSN is incomplete. It only provides a title, stating that ACV Auctions Inc. (ACVA) matched its Q2 earnings estimates, but no further content is available to summarize.
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ACV Auctions Stock (ACVA) Opinions on CEO Insider Purchase and Analyst Downgrade

https://www.quiverquant.com/news/ACV+Auctions+Stock+%28ACVA%29+Opinions+on+CEO+Insider+Purchase+and+Analyst+Downgrade
This article discusses market sentiment around ACV Auctions (ACVA) stock, focusing on a recent insider purchase by the CEO, a subsequent analyst downgrade from "Buy" to "Hold," and a price gap up driven by broader market optimism. It highlights mixed reactions to these developments among investors, while also providing detailed data on insider trading activity, company revenue, hedge fund movements, and analyst ratings and price targets.

Teladoc, Angi, Upwork, and ACV Auctions Shares Are Soaring, What You Need To Know

https://www.tradingview.com/news/stockstory:f61c9123b094b:0-teladoc-angi-upwork-and-acv-auctions-shares-are-soaring-what-you-need-to-know/
Shares of Teladoc, Angi, Upwork, and ACV Auctions saw significant jumps following renewed enthusiasm for artificial intelligence, particularly driven by Alphabet's upgraded Gemini 3 AI model and anticipation of a potential December interest rate cut. ACV Auctions, in particular, experienced a 4.3% surge, building on recent insider stock purchases which were perceived as a strong vote of confidence despite the stock being down significantly year-to-date.

Loomis Sayles & Co. L P Trims Holdings in ACV Auctions Inc. $ACVA

https://www.marketbeat.com/instant-alerts/filing-loomis-sayles-co-l-p-trims-holdings-in-acv-auctions-inc-acva-2025-11-30/
Loomis Sayles & Co. L P reduced its stake in ACV Auctions Inc. by 2.4% during the second quarter, selling 61,330 shares, but still holds over 2.5 million shares valued at $41.2 million. Despite recent price target cuts from analysts, ACV Auctions maintains a "Moderate Buy" consensus rating with a target price of $12.25. Insider buying activity, including significant purchases by directors Robert P. Goodman and Brian Hirsch, indicates confidence in the company, with insiders now owning approximately 2.9% of the stock.

Hirsch Brian buys ACV Auctions shares worth $500k By Investing.com

https://za.investing.com/news/insider-trading-news/hirsch-brian-buys-acv-auctions-shares-worth-500k-93CH-3986488
Brian Hirsch, a Director at ACV Auctions Inc. (NASDAQ:ACVA), recently purchased 80,571 shares of Class A Common Stock for over $500,000. This insider transaction comes amidst a challenging period for ACV Auctions, as reflected in a notable Q3 2025 earnings miss and subsequent downgrades by several financial firms, including BofA Securities and Needham. Analysts have lowered price targets for the company due to concerns over growth, margins, and market volatility.

Could Rising Servicing Costs Challenge ACV Auctions' (ACVA) Path to Sustainable Profitability?

https://www.sahmcapital.com/news/content/could-rising-servicing-costs-challenge-acv-auctions-acva-path-to-sustainable-profitability-2025-11-25
A recent financial analysis highlighted ACV Auctions as a risky investment due to high servicing costs, expensive marketing, and weak free cash flow margins, along with an inferior gross margin. While ACV has a US$250,000,000 revolving credit facility to fund operations, concerns remain about its ability to translate these resources into profitability and achieve its projected revenue and earnings targets by 2028. Investors are encouraged to consider these risks and diverse outlooks when evaluating ACV Auctions' long-term earnings potential.
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Teladoc, Angi, Upwork, and ACV Auctions Shares Are Soaring, What You Need To Know

https://finviz.com/news/237927/teladoc-angi-upwork-and-acv-auctions-shares-are-soaring-what-you-need-to-know
Teladoc, Angi, Upwork, and ACV Auctions saw their shares jump significantly, propelled by renewed enthusiasm for AI following Alphabet's Gemini 3 announcement and speculation about a December interest rate cut. ACV Auctions also benefited from a recent substantial insider stock purchase by director Brian Hirsch, signaling strong confidence in the company's prospects despite its year-to-date decline.

Positive Sentiment Still Eludes ACV Auctions Inc. (NYSE:ACVA) Following 27% Share Price Slump

https://www.sahmcapital.com/news/content/positive-sentiment-still-eludes-acv-auctions-inc-nyseacva-following-27-share-price-slump-2025-11-20
ACV Auctions Inc. shares have fallen 27% in the last month, contributing to a 69% loss over the past twelve months for shareholders. Despite this slump, ACV Auctions' Price/Sales (P/S) ratio of 1.6x is similar to the Commercial Services industry's median of 1.1x, which may indicate investor indifference rather than a clear opportunity or setback. The company has shown strong revenue growth of 23% last year and 74% over three years, with analysts forecasting 14% annual growth for the next three years, outpacing the industry's projected 6.7% growth.

Analysts’ Opinions Are Mixed on These Technology Stocks: Uber Technologies (UBER), Teradata (TDC) and Adtran (ADTN)

https://www.theglobeandmail.com/investing/markets/stocks/TDC/pressreleases/35955914/analysts-opinions-are-mixed-on-these-technology-stocks-uber-technologies-uber-teradata-tdc-and-adtran-adtn/
This article summarizes analysts' opinions on three technology stocks: Uber Technologies (UBER), Teradata (TDC), and Adtran (ADTN). Uber received a Strong Buy consensus, with Jefferies reiterating a Buy rating and a $120.00 price target. Teradata has a Hold consensus, with Northland Securities reiterating a Hold rating and a $24.00 price target. Adtran garnered a Strong Buy consensus, with Northland Securities reiterating a Buy rating and a $13.00 price target.

ACV Auctions Inc. SEC 10-K Report

https://www.tradingview.com/news/tradingview:5378ae53b5952:0-acv-auctions-inc-sec-10-k-report/
ACV Auctions Inc. has released its 2024 10-K report, detailing a 32% increase in total revenue to $637.2 million while reporting a net loss of $(79.7) million for the year. The report highlights expansions in its digital marketplace and strategic acquisitions, alongside ongoing investments in technology and marketing to drive future growth despite incurring continued operating losses. The company faces challenges related to intense market competition, the need for additional capital, and operational risks as it aims for long-term profitability.

Why Are ACV Auctions (ACVA) Shares Soaring Today

https://www.tradingview.com/news/stockstory:b75471c8f094b:0-why-are-acv-auctions-acva-shares-soaring-today/
Shares of ACV Auctions (NASDAQ:ACVA) rose today after director Brian Hirsch purchased 80,571 shares, signaling insider confidence. This follows another significant insider purchase by Robert P. Goodman four days prior, which also boosted investor optimism. Despite these recent insider buys, ACV Auctions' stock is down significantly year-to-date and from its 52-week high.
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Hirsch Brian buys ACV Auctions shares worth $500k

https://in.investing.com/news/insider-trading-news/hirsch-brian-buys-acv-auctions-shares-worth-500k-93CH-5111078
Brian Hirsch, a director at ACV Auctions Inc. (NASDAQ:ACVA), purchased 80,571 shares of Class A Common Stock for approximately $500,345 on November 14, 2025. This transaction increased his direct ownership to 99,678 shares, with additional indirect holdings through Tribeca Venture Funds. The share purchase follows a challenging Q3 2025 for ACV Auctions, marked by an EPS and revenue miss, leading to several analyst downgrades and price target reductions.

ACV Auctions Sees Price Target Raised to $20 Amid Strong Q3 Results

https://www.timothysykes.com/news/acvauctionsinc-acva-news-2025_11_08/
ACV Auctions (ACVA) stock saw its price target raised to $20 following strong Q3 results, attributed to improved EBITDA despite missing revenue estimates. While the company exhibits robust revenue growth and gross margins, profitability metrics remain a concern with negative EBIT and net margins. The article highlights the stock's recent bearish trend but notes some analyst optimism for future performance.

Hirsch Brian buys ACV Auctions shares worth $500k By Investing.com

https://m.ca.investing.com/news/insider-trading-news/hirsch-brian-buys-acv-auctions-shares-worth-500k-93CH-4319893?ampMode=1
ACV Auctions Inc. Director Brian Hirsch purchased 80,571 shares of Class A Common Stock for over $500,000 on November 14, 2025. This transaction increased his direct holdings and adds to significant indirect ownership. The purchase follows a period of negative news for ACV Auctions, including missed earnings expectations and multiple analyst downgrades and price target reductions.

ACV Auctions Reports Record Q3 2025 Revenue

https://www.tipranks.com/news/company-announcements/acv-auctions-reports-record-q3-2025-revenue
ACV Auctions (ACVA) announced record revenue of $200 million for Q3 2025, driven by increased market share and strong adoption of its Marketplace Services. The company achieved a non-GAAP net income of $11 million and an Adjusted EBITDA of $19 million, marking significant year-over-year growth. ACV Auctions projects full-year 2025 revenue between $756 million and $760 million, focusing on sustaining growth in dealer wholesale amidst challenging market conditions.

ACV Auctions Inc. $ACVA Shares Acquired by William Blair Investment Management LLC - MarketBeat

https://www.marketbeat.com/instant-alerts/filing-acv-auctions-inc-acva-shares-acquired-by-william-blair-investment-management-llc-2025-10-18/
William Blair Investment Management LLC has increased its stake in ACV Auctions Inc. (NASDAQ:ACVA) by 0.3%, now holding over 11 million shares valued at approximately $180 million. Despite this increase in institutional ownership, ACV Auctions' stock recently saw a slight decline. Analysts maintain a "Moderate Buy" consensus rating with an average target price of $18.36, even after some price target reductions.
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Acv auctions: VP peer sells $15k in shares By Investing.com - Investing.com Canada

https://ca.investing.com/news/insider-trading-news/acv-auctions-vp-peer-sells-15k-in-shares-93CH-4251650
This article reports that an application error occurred while loading the main content for a news piece about ACV Auctions. The intended content seems to be about a VP selling $15k in shares. Due to the error, the detailed article content is unavailable.

ACV Auctions, Inc. Hits New 52-Week Low at $8.36 - Markets Mojo

https://www.marketsmojo.com/news/stocks-in-action/acv-auctions-inc-hits-new-52-week-low-at-836-3620132
ACV Auctions, Inc. (ACV) has hit a new 52-week low of $8.36, marking a significant 53.76% decline over the past year. The E-Retail/E-Commerce company, with a market capitalization of $1,929 million, reports a negative return on equity and does not issue dividends. Despite a slight profit increase, its stock performance remains below average in a competitive market.

ACV Auctions (NYSE:ACVA) Earns "Sell (E+)" Rating from Weiss Ratings - MarketBeat

https://www.marketbeat.com/instant-alerts/acv-auctions-nyseacva-earns-sell-e-rating-from-weiss-ratings-2025-10-14/
ACV Auctions (NYSE:ACVA) received a "sell (E+)" rating from Weiss Ratings. Despite reporting earnings that surpassed analyst estimates, the company's revenue fell short, and it recorded a negative net margin of 9.09% for the quarter. The stock experienced a 2.6% increase in mid-day trading to $8.71, though its fifty-two-week high is $23.46.

ACV Auctions (NASDAQ:ACVA) Sets New 12-Month Low - Should You Sell? - MarketBeat

https://www.marketbeat.com/instant-alerts/acv-auctions-nasdaqacva-sets-new-12-month-low-should-you-sell-2025-10-13/
ACV Auctions' stock hit a new 52-week low of $8.40 on Monday, trading 331,482 shares. Analysts have recently lowered price targets on the stock, with the average target price now at $19.27, and an insider sold 15,000 shares worth $225,600. Despite the stock reaching a low, institutional investors and hedge funds have recently increased their positions in the company.

ACV Auctions, Inc. Hits 52-Week Low at $9.05 Amid Significant Decline - Markets Mojo

https://www.marketsmojo.com/news/stocks-in-action/acv-auctions-inc-hits-52-week-low-at-905-amid-significant-decline-3604339
ACV Auctions, Inc. reached a new 52-week low of $9.05 on October 7, 2025, marking a 49.35% decline over the past year. The company, a small-cap player in the E-Retail/E-Commerce sector with a market capitalization of approximately USD 1,929 million, is currently loss-making with no dividend yield. Despite the stock's poor performance, institutional holdings remain high at 100%, indicating continued monitoring by larger investors.
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ACV Auctions Hits 52-Week Low at $9.55 Amid Significant Decline

https://www.marketsmojo.com/news/stocks-in-action/acv-auctions-hits-52-week-low-at-955-amid-significant-decline-3601631
ACV Auctions, Inc. has reached a new 52-week low of USD 9.55, reflecting a significant decline in its stock price over the past year, dropping by 47.22%. Despite operating at a loss and having a unique financial structure, institutional ownership remains high at 100%. The company's market capitalization is approximately USD 1,929 million.

Will Amazon Alliance Unlock New Data-Driven Growth for ACV Auctions (ACVA)?

https://www.sahmcapital.com/news/content/will-amazon-alliance-unlock-new-data-driven-growth-for-acv-auctions-acva-2025-10-05
ACV Auctions (ACVA) has announced an alliance with Amazon Autos, aiming to leverage ACV's data services and strengthen its auto auction marketplace presence. This partnership is expected to open new data-driven revenue opportunities and reinforce ACV's projected growth, despite risks like uneven dealer volumes. The company anticipates reaching $1.2 billion in revenue and $98.2 million in earnings by 2028, with a projected fair value of $19.73 per share.

Public Employees Retirement System of Ohio Raises Holdings in ACV Auctions Inc. $ACVA

https://www.marketbeat.com/instant-alerts/filing-public-employees-retirement-system-of-ohio-raises-holdings-in-acv-auctions-inc-acva-2025-10-04/
The Public Employees Retirement System of Ohio has increased its stake in ACV Auctions Inc. by 50.4%, acquiring an additional 40,267 shares to now own 120,175 shares valued at $1,949,000. This move is mirrored by other institutional investors like Vanguard Group Inc. and Iridian Asset Management LLC, indicating growing institutional interest. Despite a cautious outlook from analysts with a consensus target price of $19.45, the article details recent insider stock sales and the company's financial performance.

ACV Expands Its No Reserve Sale to Four Days a Week—Driving 10+ Bidders per Car and More Activity on Every Unit

https://www.sahmcapital.com/news/content/acv-expands-its-no-reserve-sale-to-four-days-a-weekdriving-10-bidders-per-car-and-more-activity-on-every-unit-2025-08-19
ACV, a digital automotive marketplace, has expanded its "No Reserve Sale" to four days a week (Tuesday, Wednesday, Thursday, and Saturday) at 12:00 PM ET. This expansion aims to provide dealers with more opportunities to sell and source inventory, with previous sales showing 85% of vehicles selling above the guaranteed offer and attracting over 10 unique bidders per auction. The company emphasizes ease of use, profitability, and increased engagement for both sellers and buyers in the wholesale market.

ACV Auctions Q2 2025 slides: revenue up 21%, margins more than double

https://www.investing.com/news/company-news/acv-auctions-q2-2025-slides-revenue-up-21-margins-more-than-double-93CH-4183810
ACV Auctions (NASDAQ:ACVA) reported strong Q2 2025 financial results, with revenue increasing by 21% year-over-year to $194 million and Adjusted EBITDA more than doubling to $19 million. The company's focus on an AI-driven growth strategy, diversified revenue streams, and operational efficiencies led to significant margin expansion. Despite the strong performance, the stock saw a mixed initial investor reaction, closing down 2.06% on the day but gaining 2.35% in after-market trading.
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ACV Auctions Q2 2025 slides: revenue up 21%, margins more than double

https://www.investing.com/news/company-news/acv-auctions-q2-2025-slides-revenue-up-21-margins-more-than-double-4183810
ACV Auctions (NASDAQ:ACVA) reported strong Q2 2025 financial results, with revenue increasing 21% year-over-year to $194 million and Adjusted EBITDA more than doubling to $19 million. The digital automotive marketplace attributed its success to its AI-driven growth strategy, which has led to significant margin expansion and operational efficiencies. Despite the positive earnings, the stock saw a mixed initial investor reaction.

ACV Auctions CEO George Chamoun sells $5.37 million in stock

https://www.investing.com/news/insider-trading-news/acv-auctions-ceo-george-chamoun-sells-537-million-in-stock-93CH-3942744
George Chamoun, CEO of ACV Auctions Inc. (NASDAQ: ACVA), sold 350,000 shares of Class A Common Stock worth approximately $5.37 million across two transactions on March 19 and 20. The sales were conducted under a Rule 10b5-1 trading plan established in December 2024. Following these sales, Chamoun retains 2,821,193 shares.

ACV Announces Fourth Quarter and Full-Year 2024 Results

https://markets.financialcontent.com/sbsun/article/gnwcq-2025-2-19-acv-announces-fourth-quarter-and-full-year-2024-results
ACV (Nasdaq: ACVA) reported its fourth quarter and full-year 2024 financial results, exceeding revenue and Adjusted EBITDA guidance. The company achieved fourth quarter revenue of $160 million and full-year revenue of $637 million, driven by strong growth in its marketplace and services. ACV provided optimistic guidance for 2025, projecting revenue between $765 million and $785 million and significant Adjusted EBITDA growth, despite an anticipated flat dealer wholesale market.

When Will ACV Auctions Inc. (NASDAQ:ACVA) Breakeven?

https://www.sahmcapital.com/news/content/when-will-acv-auctions-inc-nasdaqacva-breakeven-2025-01-20
ACV Auctions Inc. (NASDAQ:ACVA) is projected to reach breakeven point by 2026, according to industry analysts, after incurring a loss of US$77m in the latest trailing-twelve-month period. This breakeven projection relies on an optimistic average annual growth rate of 53%. The company has funded its operations predominantly through equity, with debt comprising only 25% of its equity.

Acv Auctions executive sells shares worth $5.36 million By Investing.com

https://au.investing.com/news/insider-trading-news/acv-auctions-executive-sells-shares-worth-536-million-93CH-3582986
Craig Eric Anderson, Chief Customer and Digital Strategy Officer at ACV Auctions Inc. (NASDAQ:ACVA), sold 240,563 shares for approximately $5.36 million. This sale was made under a pre-established Rule 10b5-1 trading plan, following a period where ACVA shares gained nearly 41% year-to-date. The company has also reported significant revenue growth and raised its full-year guidance, leading Citi to increase its price target to $27.00.
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Analysts’ Top Consumer Cyclical Picks: Carvana Co (CVNA), Stella International Holdings Limited (SLNLF)

https://www.theglobeandmail.com/investing/markets/stocks/CVNA/pressreleases/35549409/analysts-top-consumer-cyclical-picks-carvana-co-cvna-stella-international-holdings-limited-slnlf/
This article highlights bullish analyst ratings for Carvana Co (CVNA) and Stella International Holdings Limited (SLNLF) in the Consumer Cyclical sector. Jefferies maintained a Buy rating on Carvana with a $475 price target, and Morgan Stanley also held a Buy rating with a $450 price target. Carvana currently has a Strong Buy consensus among analysts, with a significant upside from current levels.

ACV Auctions gets grant for vehicle engine condition identification using audio recordings

https://www.verdict.co.uk/acv-auctions-gets-grant-for-vehicle-engine-condition-identification-using-audio-recordings/
ACV Auctions Inc. has been granted a patent for a system that identifies vehicle engine conditions using audio data. The system utilizes mobile devices to record engine sounds, associates metadata, and employs a server to analyze the audio with machine learning, pinpointing engine issues and their confidence values. This aims to provide a reliable method for diagnosing engine problems based on sound analysis.

ACV auctions director Goodman sells over $6.8 million in company stock

https://www.investing.com/news/stock-market-news/acv-auctions-director-goodman-sells-over-68-million-in-company-stock-93CH-3618637
Robert P. Goodman, a director at ACV Auctions Inc. (NASDAQ:ACVA), recently sold 342,736 shares of Class A Common Stock for over $6.8 million. These shares, converted from Class B stock, were sold at an average price of $19.94 each. Despite this significant insider sale, ACV Auctions has shown strong financial performance with a 29% revenue increase in Q2 2024 and analysts projecting future net income and sales growth.

ACV Auctions Inc CEO George Chamoun Sells Over 300,000 Shares

https://finance.yahoo.com/news/acv-auctions-inc-ceo-george-055335671.html
ACV Auctions Inc CEO George Chamoun sold 322,259 shares on March 21, 2024, adding to over 1.5 million shares sold by him in the past year with no purchases. This insider selling activity, alongside 53 total insider sells and no buys for the company in the last year, may signal concerns for investors. Currently, ACV Auctions Inc is considered modestly overvalued with a price-to-GF-Value ratio of 1.19.

ACV Auctions settles major antitrust lawsuit

https://www.bizjournals.com/buffalo/inno/stories/news/2024/02/21/acv-auctions-settles-antitrust-lawsuit.html
ACV Auctions has settled an antitrust lawsuit filed in 2022 against Manheim Auctions, Adesa, and other automotive companies. The Buffalo-based startup had accused these companies of employing illegal tactics to gain a competitive advantage in the market. The specific terms of the settlement were not disclosed.
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From eBay exec to COO at ACV Auctions: Vikas Mehta making his mark on Buffalo

https://www.bizjournals.com/buffalo/news/2021/09/14/acv-auctions-vikas-mehta.html
Vikas Mehta, a former eBay executive, has taken on the role of COO at ACV Auctions in Buffalo. His decision to leave Silicon Valley for this position was spurred by calls from Somak Chattopadhyay and George Chamoun, indicating a significant career move.

LendingClub exec hired as CTO of ACV Auctions Magnuszewski becomes senior adviser

https://www.bizjournals.com/buffalo/news/2021/09/10/lendingclub-bahman-koohestani-acv-auctions.html
ACV Auctions has hired a LendingClub executive as its new CTO, while co-founder Dan Magnuszewski transitions into a senior adviser role. Magnuszewski co-founded ACV Auctions seven years ago, and the company has since grown significantly, employing 1,700 people and hundreds of engineers.

ACV Auctions accused of ‘shill bidding’ to drive up vehicle prices

https://www.wivb.com/news/investigates/acv-auctions-accused-of-shill-bidding-to-drive-up-vehicle-prices/
ACV Auctions, a Buffalo-based online wholesale vehicle auction platform, is facing a federal lawsuit accusing it of allowing and participating in "shill bidding" to inflate vehicle prices. The lawsuit, filed by two car dealerships, alleges that a single individual bid on hundreds of vehicles without intending to purchase most of them, and that former employees confirmed the company's knowledge of and promotion of shill bidding practices. ACV Auctions denies the allegations, calling the lawsuit meritless and a "conspiracy."

ACV Auctions looks to rattle wholesale with IPO for up to $364M

https://www.autonews.com/used-cars/acv-auctions-looks-rattle-wholesale-ipo-364m/
ACV Auctions is planning an initial public offering (IPO) to raise up to $364 million, aiming to disrupt the traditional auto auction business. This move by ACV highlights its ambition to innovate within the wholesale automotive market.

ACV Auctions looks to raise $314 million in IPO amid growth

https://www.autonews.com/used-cars/acv-auctions-looks-raise-314-million-ipo/
ACV Auctions, a company based in Buffalo, N.Y., is seeking to raise $314 million through an Initial Public Offering (IPO). This move comes as the company experiences growth in the automotive sector. The IPO aims to capitalize on this momentum and secure further funding for expansion.
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