ACV Auctions Inc CFO William Zerella Sells 32,500 Shares
On January 9, 2024, William Zerella, the Chief Financial Officer of ACV Auctions Inc (NASDAQ:ACVA), sold 32,500 shares of the company's stock, according to a recent SEC Filing. The transaction was executed with the shares priced at $13.55 each, resulting in a total sale amount of $440,375.
ACV Auctions Inc operates as an online automotive marketplace that specializes in dealer-to-dealer wholesale auctions. The platform provides a transparent and authentic auction experience, enabling buyers and sellers to trade vehicles in a convenient and efficient manner.
Over the past year, the insider has sold a total of 257,500 shares and has not made any purchases of the company's stock. The recent sale by the insider is part of a broader trend observed within the company, where there have been no insider buys but 44 insider sells over the same period.
On the valuation front, ACV Auctions Inc's shares were trading at $13.55 on the day of the insider's sale, giving the company a market capitalization of $2.268 billion. The stock's price-to-GF-Value ratio stands at 0.93, indicating that it is Fairly Valued when compared to the GF Value of $14.62.
The GF Value is a proprietary valuation metric used by GuruFocus, which is derived from historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also incorporates a GuruFocus adjustment factor based on the company's historical returns and growth, as well as future business performance estimates provided by Morningstar analysts.
Investors and stakeholders in ACV Auctions Inc may consider the insider's recent transaction as part of their assessment of the company's stock performance and valuation. The information provided in this article is based on the latest available data and SEC filings.
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.
This article first appeared on GuruFocus.
