SCHEDULE: FMR LLC & Abigail Johnson Disclose 2.7% Stake in ACV Auctions

Sentiment:

Beneficial Ownership Disclosure (Amendment) 5 November 2025 11:26 AM

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a 2.7% beneficial ownership stake in ACV Auctions Inc. as of September 30, 2025.

Summary

FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 6 to Schedule 13G regarding their beneficial ownership in ACV Auctions Inc.
They collectively beneficially own 4,571,793.27 shares of ACV Auctions Inc. Class A Common Stock.
This ownership represents 2.7% of the total outstanding Class A Common Stock.
FMR LLC holds sole voting power over 4,449,597.06 shares and sole dispositive power over 4,571,793.27 shares.
Abigail P. Johnson holds sole dispositive power over 4,571,793.27 shares, with no sole or shared voting power directly.
The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of ACV Auctions Inc.
Abigail P. Johnson serves as Director, Chairman, and Chief Executive Officer of FMR LLC and is part of the Johnson family, which holds significant voting power in FMR LLC.
The filing includes a Rule 13d-1(k)(1) agreement for joint filing by the reporting persons.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a passive, non-controlling stake by a major institutional investor. It doesn't indicate any immediate negative developments for ACV Auctions Inc. The continued holding of shares by FMR LLC can be seen as a neutral to slightly positive signal of ongoing institutional interest.

Positives

A major institutional investor, FMR LLC, maintains a significant, albeit passive, stake in ACV Auctions Inc., which can be interpreted as a continued vote of confidence.
The explicit statement that the stake is held in the ordinary course of business and not for influencing control suggests a stable, long-term investment perspective from the reporting entity.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding ACV Auctions Inc.'s future performance or FMR LLC's future investment intentions beyond the certification that the shares are held in the ordinary course of business.

Management Comments

"I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This Schedule 13G filing indicates that a major institutional asset manager, FMR LLC (Fidelity), maintains a passive investment in ACV Auctions Inc. Such filings are routine disclosures required when an entity's beneficial ownership of a company's stock crosses certain thresholds or changes significantly. For ACV Auctions, it signals continued institutional interest without any immediate implications for corporate control or strategic shifts.

Comparison to Industry Standards

This filing is a standard regulatory disclosure for beneficial ownership and does not provide performance metrics for comparison to industry standards or specific comparable companies/projects. The 2.7% stake is a passive investment, typical for large asset managers holding diversified portfolios.

Stakeholder Impact

Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach.
Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this beneficial ownership disclosure.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries.
2023-01-10	Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference.
2025-09-30	Date of event which requires filing of this statement (ownership snapshot date).
2025-11-04	Signature date of the Schedule 13G Amendment No. 6 filing.

Recommendation

hold

This filing is a routine disclosure of a passive, non-controlling ownership stake by an institutional investor. It does not provide sufficient information regarding ACV Auctions Inc.'s operational performance, financial health, or strategic direction to warrant a 'buy' or 'sell' recommendation. The continued holding of shares by FMR LLC suggests a stable, long-term investment, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

ACV Auctions Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Equity Stake

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