SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 5.1% Stake in ACV Auctions Inc.

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amendment to disclose a continued beneficial ownership of 5.1% in ACV Auctions Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 8,552,244.53 shares of ACV Auctions Inc.'s Class A Common Stock.
• This ownership represents 5.1% of the total outstanding Class A Common Stock of ACV Auctions Inc.
• The filing is an Amendment No. 5 to Schedule 13G, indicating a routine update to a previously disclosed beneficial ownership.
• FMR LLC holds sole voting power over 8,447,497.25 shares and sole dispositive power over 8,552,244.53 shares.
• Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, is deemed to have shared dispositive power over the same 8,552,244.53 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of ACV Auctions Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a Schedule 13G is a routine disclosure, the continued significant stake by a major institutional investor like FMR LLC can be interpreted as a positive signal of confidence in the issuer, ACV Auctions Inc. There are no negative implications or risks explicitly stated within the filing itself.

Positives

• The disclosure of a significant 5.1% stake by a major institutional investor like FMR LLC, and its principal Abigail P. Johnson, can be viewed as a vote of confidence in ACV Auctions Inc.'s long-term prospects.
• The filing explicitly states that the shares were not acquired for the purpose of changing or influencing control, suggesting a passive investment stance by a prominent financial entity.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding ACV Auctions Inc.'s future performance or strategic direction.

Management Comments

• FMR LLC and Abigail P. Johnson certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of ACV Auctions Inc.

Industry Context

This filing reflects a routine disclosure of a significant institutional investment in ACV Auctions Inc., an online automotive marketplace. Such investments are common across the technology and automotive sectors, indicating continued institutional interest in digital platforms transforming traditional industries.

Stakeholder Impact

• Shareholders may view the continued significant stake by FMR LLC as a positive indicator of institutional confidence in ACV Auctions Inc.'s value and prospects.

Key Dates

Keywords

ACV Auctions Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investment, equity stake