ACV Auctions Inc. (NASDAQ:ACVA) was the recipient of unusually large options trading on Thursday. Investors acquired 1,132 call options on the company. This is an increase of approximately 1,067% compared to the typical daily volume of 97 call options.
Shares of ACVA stock opened at $24.10 on Friday. The firm’s 50 day simple moving average is $30.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.76 and a quick ratio of 2.76. ACV Auctions has a 12 month low of $22.66 and a 12 month high of $37.77.
ACV Auctions (NASDAQ:ACVA) last issued its earnings results on Wednesday, May 12th. The company reported ($0.51) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.83) by $0.32. The company had revenue of $69.09 million for the quarter, compared to the consensus estimate of $55.47 million. As a group, research analysts predict that ACV Auctions will post -0.83 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. Morgan Stanley purchased a new position in ACV Auctions during the 1st quarter valued at about $40,000. UBS Group AG bought a new stake in shares of ACV Auctions in the 1st quarter valued at about $121,000. Jane Street Group LLC acquired a new stake in ACV Auctions in the 1st quarter worth approximately $213,000. Pentwater Capital Management LP acquired a new stake in ACV Auctions in the 1st quarter worth approximately $225,000. Finally, Tudor Investment Corp Et Al acquired a new stake in ACV Auctions in the 1st quarter worth approximately $292,000. 13.34% of the stock is currently owned by institutional investors.
About ACV Auctions
ACV Auctions, Inc, operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. It also provides data services that offer transparent and accurate vehicle information to customers. ACV Auctions, Inc was incorporated in 2014 and is based in Buffalo, New York.
See Also: Options Trading – What is a Straddle?
Receive News & Ratings for ACV Auctions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACV Auctions and related companies with MarketBeat.com's FREE daily email newsletter.