ACV Auctions (NASDAQ:ACVA) Stock, Quote.Headers.trade-ideas

ACV Auctions

ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.

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Why Etsy Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

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U.S. stocks were higher, with the Nasdaq Composite gaining more 2% on Thursday.

NICE Posts Upbeat Earnings, Joins FTI Consulting, NVIDIA, Moderna And Other Big Stocks Moving Higher On Thursday

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Needham analyst Chris Pierce reiterated a Buy rating on the shares of ACV Auctions Inc. (NASDAQ: ACVA), 

ACV Auctions&#39; Rise In The Upper Midwest, Market Share Expansion On The Horizon: Analyst

ACV Auctions Inc

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Live On CNBC, Wynn Resorts CEO Craig Billings Discusses Outlook In UAE, Says "Incredible Confident In Our Investment There"

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SIMPPLE Ltd shares are trading higher after the company announced new contracts and partnerships in Australia and New Zealand. The aggregate revenue from these four contracts is projected at $2.35 million.

Jefferies analyst Yaron Kinar maintains American Intl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) with a Buy and raises the price target from $82 to $88.

Jefferies Maintains Buy on American Intl Gr, Raises Price Target to $88

<a href="https://www.benzinga.com/events/cannabis-conference/livestream/" title="https://www.benzinga.com/events/cannabis-conference/livestream/">https://www.benzinga.com/events/cannabis-conference/livestream/</a>

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Surfside Co-ceo Jon Lowen On Actionable Data Says We Do Not Need To Reinvent The Wheel In Cannabis, There Are Existing Technologies, Standards And Practices That Work

Flowerhub Founder & Ceo Kyle Sherman Says There Are Ways To Collect Emails Like Emailed Receipt; You Work Data Collection Into The Flow So It Feels Natural

Surfside Co-ceo Jon Lowen On Actionable Data Says A Name In An Email Is Not Something You Use To Target Someone You Need To Convert That; We See A Shockingly Low Amount Of Retailers Who Are Capturing Emails And Phone Numbers On A Consistent Basis; Make Sure Bud Tenders Are Having Those Practices In Places They're Using The Tools And Getting The Value That They Can Be Getting

Cryptocurrency enthusiasts who aren't convinced of the newly uncovered identity of Bitcoin&#8216;s (CRYTPO:BTC) pseudonymous founder Satoshi Nakamoto in <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41242615/peter-todd-is-satoshi-nakamoto-bitcoin-core-developer-denies-hbo-documentary-claims-im-not">a HBO documentary </a>may want to take a trip to Budapest, Hungary.
Unveiled on Sept. 16, 2021, a statue in the small European country pays tribute to the anonymous creator of the leading cryptocurrency.
What Happened: A new documentary from investigative filmmaker Cullen Hoback alleges Bitcoin developer Peter Todd to be the man behind the Satoshi Nakamoto moniker, an idea that the cryptocurrency community is <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41250621/peter-todd-says-im-not-satoshi-but-not-everyones-buying-that-just-as-plausible-as-the-othe">attempting to come to grips with</a> as Todd denies the claim.
The documentary from HBO, which is a unit of Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), is not the first to attempt to <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32993875/what-happened-to-bitcoin-creator-satoshi-nakamoto-new-documentary-to-explore-the-mystery-a">uncover the true identity</a> of Satoshi Nakamoto and likely won't be the last.
A statue unveiled in 2021 highlighted the fact that we may never know who the real Satoshi Nakamoto was or is, despite what documentaries tell us.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36471920/happy-birthday-bitcoin-15-fun-facts-about-leading-cryptocurrency">15 Fun Facts About Leading Cryptocurrency Bitcoin </a>
The Satoshi Nakamoto Statue: A country of less than 10 million unveiled the world's first Satoshi Nakamoto <a href="https://www.statueofsatoshi.com/">statue </a>in 2021.
The statue was unveiled on Sept. 16, 2021 in Graphisof Park, Budapest, a city in Hungary.
"The statue is made of bronze, the face is made of special bronze-aluminium composite. We are all Satoshi," the statue's website reads.
Satoshi is wearing a hoodie on the sculpture and has the Bitcoin logo on its chest.
The statue was created to honor Nakamoto. The statue's idea came from Andras Gyorfi, editor of Kripto Akademia, a Hungarian crypto news site.
"We believe that it (Bitcoin) brought something much more important to our world, than a decentralized peer-to-peer payment network," the site reads. "The underlying technology, blockchain that Satoshi Nakamoto introduced to the world can truly make our life better."
Creating The Sculpture: Two Hungarian sculptors, Gergely Reka and Tamas Gilly, created the statue. Their goal was to create a human-form statue while maintaining Nakamoto&#8217;s anonymity.
"It is very difficult to make a portrait sculpture of a person that we don't know exactly what they look like," the sculptors said. "I hope that through the language of sculpture I have managed to convey the basic idea of Bitcoin, that it belongs to everyone and no one at the same time."
Visiting The Statue:&nbsp;The statue is free to visit and open 24 hours a day, seven days a week. The group behind the sculpture accepts donations made to their crypto wallets. Donations will be used to increase PR of the project.
BTC Price Action:&nbsp;Bitcoin trades at $61,777.72 at the time of writing. Bitcoin hit a high of $48,486.83 on the day the statue was unveiled. This means that Bitcoin is up 27% since the statue was unveiled three years ago.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41183648/satoshi-nakamoto-being-pseudonymous-is-one-of-the-coolest-things-ever-human-rights-activis">Satoshi Nakamoto Being Pseudonymous &#8216;Is One Of The Coolest Things Ever,&#8217; Human Rights Activist Said—Could The HBO Documentary Kill The Mystery?</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Satoshi Nakamoto Identity Remains A Mystery After HBO Documentary: Bronze Statue Celebrates Bitcoin Founder's Anonymity – 'We Are All Satoshi'

Jefferies analyst Andrew Andersen maintains RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Buy and raises the price target from $165 to $180.

Jefferies Maintains Buy on RLI, Raises Price Target to $180

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American Resources shares are trading higher after the company announced it began the daily production of 99.5%+ purified light (ND, Pr) and heavy (Dy, Tb) rare earth elements at the Noblesville plant to support the domestic supply chain.

Minnesota's budding cannabis market is facing regulatory hurdles as businesses attempt to exploit legal loopholes, sparking action from the state's Office of Cannabis Management (OCM).&nbsp;
With cannabis licenses set to be issued in 2024, investors should be aware of the significant challenges posed by regulatory enforcement, market entry delays and compliance risks.
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<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
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<h3 class="wp-block-heading">Busted! </h3>
Despite cannabis legalization in <a href="https://www.benzinga.com/topic/minnesota-cannabis">Minnesota</a>, with the exception of tribal reservations, businesses are not yet legally permitted to sell cannabis until licenses are issued next year.
However, some hemp stores and smoke shops have been attempting to bypass these regulations by<a href="https://www.benzinga.com/markets/cannabis/24/09/41071545/exclusive-is-washington-dcs-cannabis-gifting-economy-coming-to-an-end"> offering cannabis as a "gift"</a> with other purchases such as a T-shirt or subscription service. 
The OCM, under the leadership of interim director Charlene Briner and enforcement director Margaret Wiatrowski, has responded by <a href="https://www.minnpost.com/state-government/2024/10/buy-a-t-shirt-and-get-a-free-bag-of-marijuana-nope-say-minnesota-regulators/">cracking down</a> on these illicit sales.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41071545/exclusive-is-washington-dcs-cannabis-gifting-economy-coming-to-an-end">EXCLUSIVE: Is Washington DC&#8217;s &#8216;Cannabis Gifting&#8217; Economy Coming To An End?</a>
<h3 class="wp-block-heading">Label Trouble, Sticker Shock</h3>
The OCM has confiscated nearly 190 pounds of illegal cannabis flower, with a retail value of approximately $564,000, from 116 locations statewide. In addition, <a href="https://www.benzinga.com/markets/cannabis/24/07/39692990/hold-my-beer-breweries-offer-thc-on-tap-in-minnesota-what-investors-need-to-know">hemp-derived products</a>, valued at nearly $878,000, have been destroyed.&nbsp;
Over 34,000 units of edibles and vapes with THC levels higher than legal limits have been confiscated. Common violations include improper labeling, such as missing FDA and child safety warnings, and products lacking QR codes with essential testing data.&nbsp;
<h3 class="wp-block-heading">Five-Year Ban</h3>
Businesses caught engaging in illegal transactions face severe consequences. The OCM has issued citations and fines, with repeat offenders receiving a five-year ban from obtaining cannabis licenses.&nbsp;
The OCM is taking steps to ensure compliance across the board, hiring additional inspectors, and ramping up its enforcement efforts. 
<h3 class="wp-block-heading">Delays In Social Equity License Lottery</h3>
Another point of concern for investors is the delayed rollout of social equity licenses. Over 1,800 social equity applicants have submitted applications, hoping for an early start in <a href="https://www.benzinga.com/topic/minnesota-cannabis">Minnesota's cannabis market</a>. However, the lottery to determine which applicants will receive these licenses has been postponed until the end of 2024, pushing back the timeline for the market launch.
The complexity of the application review process is cited as the primary reason for the delay. The OCM is tasked with evaluating ownership structures, business plans, and financial backing to ensure that social equity applicants are not being used as fronts for larger corporations. Additionally, the law prohibits individuals from owning more than one license.
Cultivators, in particular, <a href="https://www.minnpost.com/state-government/2024/10/slow-going-on-cannabis-licensing-in-minnesota/">face additional pressure</a> as the later the licenses are awarded, the longer it will take for crops to be planted and harvested, delaying product availability for retailers in 2024.
Read Next:<a href="https://www.benzinga.com/markets/cannabis/24/08/40541485/exclusive-can-minnesota-keep-its-cannabis-industry-local-amid-out-of-state-pressure-legal-expert"> EXCLUSIVE: Can Minnesota Keep Its Cannabis Industry Local Amid Out-Of-State Pressure? Legal Expert Weighs In</a>

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Buy A T-shirt, Get Busted: Loophole In Minnesota Cannabis Market Could Cost Retail Operators A 5-Year Ban

Jefferies analyst Yaron Kinar maintains Everest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>) with a Buy and raises the price target from $440 to $457.

Jefferies Maintains Buy on Everest Group, Raises Price Target to $457

Wolfe Research analyst Bill Carcache initiates coverage on RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Outperform rating and announces Price Target of $182.

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Wolfe Research Initiates Coverage On RLI with Outperform Rating, Announces Price Target of $182

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Wbs Equities Ceo & Founder Wendy A. Berger Says Consumers Are Looking For Brands/stories That Resonate; Turnover Roughly Industry-wide Of Bud Tenders Is 50%; The Industry Is Seeing Turnover North Of 50%

<a href="https://www.federalreserve.gov/newsevents/speech/jefferson20241009a.htm">https://www.federalreserve.gov/newsevents/speech/jefferson20241009a.htm</a>
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Dutchie Cto Chris Ostrowski Says Over 80 Percent Of Transactions Have Some Form Of Discount Attached To It; The Race To The Bottom Model Of Keeping A Customer Is Not Sustainable

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Pioneer Power Solutions shares are trading higher. The company reiterated its FY24 guidance.

Surfside Co-ceo Jon Lowen Says Compliance Has Given This Industry A Great Dataset; You Have A Customer Record You Are Required To Capture A Lot Of Industries Do Not Have Access To; I Think This Compliance Is A Positive

Collaboration enables use of Google 2D, 3D geospatial content within Bentley's applications and platforms to deliver actionable insights to infrastructure professionals
Bentley Systems' Year in Infrastructure 2024—<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bentley.com&amp;esheet=54133629&amp;newsitemid=20241009782475&amp;lan=en-US&amp;anchor=Bentley+Systems%2C+Incorporated&amp;index=1&amp;md5=613b9006aacbe2ffd857470d5e17def9">Bentley Systems, Incorporated</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>), the infrastructure engineering software company, today announced a strategic partnership with Google to integrate Google's high-quality geospatial content with Bentley's infrastructure engineering software and digital twin platform to improve the way infrastructure is designed, built, and operated.

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Bentley Systems Partners With Google, Collaboration Enables Use Of Google 2D, 3D Geospatial Content Within Bentley's Applications And Platforms To Deliver Actionable Insights To Infrastructure Professionals

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Travere Therapeutics shares are trading higher after Wedbush maintained an Outperform rating on the stock and raised its price target from $17 to $25.

Surfside Co-ceo Jon Lowen Says As A Marketing Company We Live And Die Basically On Our Ability To Provide Return On The Spend; We Have So Much Data Available To Us And We Need To Train Them

ACV Auctions Inc. (ACVA) Q2 2024 Earnings Call Transcript

Analyst Eric Sheridan from Goldman Sachs maintained a Buy rating on ACV Auctions (ACVA – Research Report) and increased the price target to $25.00 ...

ACV Auctions: Poised for Growth with Increased 12-Month Price Target and Buy Rating

JMP Securities analyst Nicholas Jones CFA has maintained their bullish stance on ACVA stock, giving a Buy rating today. Nicholas Jones CFA has give...

ACV Auctions Inc.: Strong Q2 Performance and Positive Growth Outlook Justify Buy Rating

In a report released today, Alexander Potter from Piper Sandler maintained a Hold rating on ACV Auctions (ACVA – Research Report), with a price tar...

Piper Sandler Remains a Hold on ACV Auctions (ACVA)

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on ACV Auctions (ACVA – Research Report), BARK...

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: ACV Auctions (ACVA), BARK Inc Class A (BARK) and BorgWarner (BWA)

Bank of America Securities analyst Curtis Nagle maintained a Hold rating on ACV Auctions (ACVA – Research Report) today. The company's shares opene...

Bank of America Securities Reaffirms Their Hold Rating on ACV Auctions (ACVA)

Analyst Gary Prestopino of Barrington maintained a Buy rating on ACV Auctions (ACVA – Research Report), with a price target of $23.00. Gary Prestop...

ACV Auctions Surpasses Expectations with Strong Q2 Performance and Market Share Growth

In a report released today, Nicholas Jones CFA from JMP Securities maintained a Buy rating on ACV Auctions (ACVA – Research Report), with a price t...

JMP Securities Remains a Buy on ACV Auctions (ACVA)

Bank of America Securities Sticks to Their Hold Rating for ACV Auctions (ACVA)

Analyst Gary Prestopino from Barrington maintained a Buy rating on ACV Auctions (ACVA – Research Report) and keeping the price target at $23.00. Ga...

Buy Rating for ACV Auctions Amidst Market Recovery and Strategic Expansion

BARK

Press Releases

Fuel Me Secures $18 Million in Oversubscribed Series A to Redefine Fuel Procurement as We Know It

ACV Transportation Expands Services to Vehicles Purchased Outside of the ACV Platform

ACV to Report First Quarter 2024 Financial Results on May 8, 2024

Earnings

ACV Announces First Quarter 2024 Results

ACV's Data-Driven Solutions Drive Profits and Optimize Inventory for Dealerships

ACV to Participate in Upcoming Investor Conferences

ACV to Report Second Quarter 2024 Financial Results on August 7, 2024

ACV Announces Second Quarter 2024 Results

ACV Announces Participation in Upcoming Investor Conferences

ACV Showcases Consumer Vehicle Acquisition Solutions at Digital Dealer Conference & Expo

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ACV Auctions (NASDAQ:ACVA) Stock, Quote.Headers.trade-ideas