finance.yahoo.com

ACV Auctions Gains as Investor Letter Cites $100M Share Repurchase

ACV Auctions logoACV Auctions
Sig3.10Sen+3.40Env0.00Soc0.00Gov+1.20

Meridian Funds’ Meridian Hedged Equity Fund investor letter highlighted ACV Auctions Inc., a digital automotive marketplace. ACV’s record Q1 financial results and a $100 million share repurchase authorization, including an immediate $50 million accelerated repurchase, boosted the stock’s performance. The letter also noted ACV closed at $6.70 on Sept. 3, 2026, and that hedge fund holdings fell to 44 from 49.

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