CCDSO sold 240.6K shares (48.2% of prior holdings) at $22.28 on 2024-12-09; company unprofitable with -$16.0M net income.
Anderson Craig Eric, Chief Commercial & Data Officer, divested 240,563 shares of ACV Auctions at $22.28 per share on 2024-12-09, reducing his stake from 499,109 to 258,546 shares. This represents a substantial reduction (-48.2% vs pre-transaction holdings). The transaction occurred when the stock was trading near its 52-week high (currently $21.65, -6.6% from the $23.17 peak), suggesting the sale was executed at elevated valuation. Notably, ACV Auctions reported negative net income of -$16,029,000 over its most recent full fiscal year, indicating ongoing profitability challenges despite annual revenue growth of +14.2%. The insider's same-ticker history shows five prior sells, all of which posted positive 90-day returns (ranging +22.8% to +26.4%), meaning each prior sale was followed by stock appreciation—a pattern of poorly-timed exits. This current transaction warrants monitoring to determine whether it breaks or extends that pattern.