Hirsch Brian, an insider at ACV Auctions Inc (ACVA), recently purchased 99,678 shares at a price of $6.21 each, totaling approximately $619,000. Following this transaction, Hirsch holds the entirety of these shares, reflecting a personal investment in the company.
ACV Auctions, which operates a digital marketplace for wholesale vehicle transactions, has a market capitalization of $929.7 million. The company went public on March 24, 2021, and currently employs 2,900 full-time staff. Its platform leverages data insights and technology to facilitate vehicle buying, selling, and valuation, offering services through its Digital Marketplace, Remarketing Centers, and Data Services.
Insider buying can serve as a positive indicator, suggesting that executives may have confidence in the company's future performance. However, such transactions should not be the sole basis for investment decisions, as various personal or regulatory factors may influence these actions.
The move underscores the importance of monitoring insider activity. While this single transaction provides a snapshot, investors are encouraged to consider broader patterns of insider trading across multiple executives and time frames.
Looking ahead, ACV Auctions is projected to report earnings on August 9, 2026, with an estimated EPS of $0.01 and revenue of $237.7 million, following an anticipated EPS of -$0.03 and revenue of $208.4 million on May 4, 2026.