Mon Sep 23 22:48:43 UTC 2024: ## ACV Auctions VP Sells Shares, Stock Dips Slightly

**New York, NY (September 23, 2024)** – Andrew Peer, Vice President of ACV Auctions Inc. (NASDAQ: ACVA), sold 1,795 shares of the company’s stock on September 19th, according to a recent SEC filing. The shares were sold at an average price of $21.00, resulting in a total transaction of $37,695.00. Following the sale, Peer now owns 62,956 shares of ACVA, valued at $1,322,076.

ACVA stock closed at $20.74 on Monday, down $0.01 from the previous day. The company’s market cap currently sits at $3.42 billion.

Despite the slight dip, ACV Auctions recently exceeded analysts’ expectations for its Q2 earnings, reporting $0.02 higher EPS than projected. Revenue also came in above estimates at $160.62 million. However, the company’s return on equity and net margin remain negative.

Institutional investor activity in ACVA continues, with several funds adjusting their holdings in the recent quarter. Notable among these include Algert Global LLC, Driehaus Capital Management LLC, The Manufacturers Life Insurance Company, Engle Capital Management L.P., and Sei Investments Co., all of whom increased their positions in ACVA stock.

ACV Auctions operates an online marketplace connecting buyers and sellers of wholesale vehicles. Its platform offers various services including online auctions, vehicle pre-screening, transportation services, inventory financing, and seller assurance programs.

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