ACV Auctions Inc (ACVA, Financial) COO Vikas Mehta sold 342,500 shares of the company on March 6, 2024, according to a recent SEC filing. The transaction was executed at an average price of $18.62 per share, resulting in a total value of $6,377,250.
ACV Auctions Inc is a leading online automotive marketplace for dealers and commercial customers. The platform provides a trusted and transparent way for buyers and sellers to engage in wholesale vehicle transactions. The company's innovative technology and comprehensive data-driven services facilitate vehicle inspections, valuations, and transportation, streamlining the buying and selling process and improving the overall customer experience.
Over the past year, the insider has sold a total of 792,500 shares of ACV Auctions Inc and has not made any purchases of the stock. The recent sale by Vikas Mehta represents a continuation of this selling trend.
The insider transaction history for ACV Auctions Inc shows a pattern of insider selling, with 47 insider sells and no insider buys over the past year.
On the valuation front, ACV Auctions Inc shares were trading at $18.62 on the day of the insider's recent sale, giving the company a market cap of $2.95 billion. The stock's price-to-GF-Value ratio stands at 1.19, indicating that ACV Auctions Inc is modestly overvalued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates provided by Morningstar analysts. ACV Auctions Inc's current price exceeds its GF Value of $15.60, suggesting a premium compared to the intrinsic value estimate.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
