True North Advisors 13F: Exits ACV Auctions (ACVA) Stake

True North Advisors closed out its position in ACV Auctions Inc. ACVA by selling all 176,006 shares it previously held, according to a Form 13F filing with the SEC on October 22, 2026.

ACVA ACV Auctions Inc.

$10.50 ▲ +26.66% year to date

1M 3M YTD

Daily close · Oct 16, 2026

What Changed in True North Advisors's ACV Auctions Position

The firm completely exited its stake in the digital wholesale vehicle marketplace during the period, selling all 176,006 shares to bring its ending position down to zero.

Other Institutional Activity in ACV Auctions

Other major institutional investors adjusted their positions in ACV Auctions during the filing period. Atreides Management, LP grew its holdings by 168,412 shares, ending with 9,903,239 shares worth about $103,984,009. Brown Advisory Inc. lifted its position by 6,871,008 shares, reaching 6,924,066 shares valued at roughly $72,702,693. Cramer Rosenthal Mcglynn LLC/Adv grew its stake by 2,085,951 shares to hold 6,010,600 shares worth about $63,111,300. Frontier Capital Management Company LLC added 1,884,449 shares for a total of 5,813,660 shares valued at roughly $61,043,430. Meanwhile, Iridian Asset Management LLC reduced its holdings by 623,053 shares, ending with 4,577,721 shares worth about $48,066,070.

ACV Auctions Inc. Stock Up 0.2%

ACV Auctions shares recently traded around $10.50 as of October 23, 2026. The company operates a digital platform connecting car buyers and sellers in the wholesale automotive market.

Recent Earnings

For its trailing twelve months, ACV Auctions reported $801,339,008 in revenue and a negative earnings per share of $0.37. The company's net margin sat at -7.9% with a return on equity of -15.1%. ACV Auctions is scheduled to release its next financial results on November 4, 2026.

Insider Buying and Selling at ACV Auctions Inc.

Company insiders executed several transactions prior to the filing. Officer Andrew Peer sold 1,750 shares on January 15, 2026, at an average price of $8.85 for a total value of $15,488. Chief Executive Officer George G Chamoun bought 16,892 shares on February 9, 2026, at $7.30 per share worth $123,312, and later purchased 24,272 shares on March 9, 2026, at $5.05 per share valued at $122,574. Officer Michael G Waterman acquired 214,600 shares on February 26, 2026, at $4.66 per share for a total of $1,000,036.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through the late summer. On August 17, 2026, Citigroup maintained a Neutral rating with an 8.50 price target. Barrington Research downgraded the stock to an Underperform rating on September 11, 2026. Needham also lowered its rating to a Hold on September 11, 2026. Citigroup maintained a Neutral rating while raising its price target to 10.50 on September 14, 2026. CJS Securities lowered its rating to a Market Perform on September 15, 2026.

About ACV Auctions

Headquartered in Buffalo, New York, ACV Auctions operates a wholesale auction marketplace designed to simplify used vehicle transactions between independent and franchised dealerships. The company relies on digital tools and inspection services to bring transparency to business-to-business auto sales.

Bottom Line

Investors will look toward the company's upcoming earnings report on November 4, 2026, for further updates on revenue growth and profitability margins.