5 big analyst AI moves: Apple lifted to Buy, AI chip bets reassessed
Andrew Peer, VP, Corporate Controller & CAO of ACV Auctions Inc. (NASDAQ:ACVA), sold 1,750 shares of common stock on October 15, 2025, at a price of $8.84, for a total of $15,470.
The same day, Peer also exercised options to acquire 1,750 shares of ACV Auctions at $2.00, for a total value of $3,500. Following these transactions, Peer directly owns 54,488 shares of ACV Auctions.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan established on June 11, 2025.
In other recent news, ACV Auctions reported revenue of $193.7 million for the second quarter of 2025, marking a 20.6% increase year-over-year. However, this revenue figure fell short of Street estimates by 1.2%, and the company sold 210,400 units, which was 4.1% below analyst expectations. Despite these figures, Piper Sandler has reiterated an Overweight rating with a $20.00 price target, attributing recent stock weakness to temporary market dynamics, including unexpected tariff impacts. Meanwhile, Needham adjusted its price target to $14.00 from $16.00, maintaining a Buy rating, and noted a significant increase in job openings at ACV Auctions, suggesting potential topline growth.
Stephens also lowered its price target to $11.50 from $16.00, maintaining an Equal Weight rating, citing high expectations as a factor. Additionally, Needham revised its price target from $25.00 to $16.00, following the second-quarter results, while keeping a Buy rating. These developments reflect varying analyst perspectives on ACV Auctions’ growth trajectory and market conditions.
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