Engle Capital Management, they sold their shares of ACV Auctions. 1,213,329 of them, to be exact. Worth about twelve million dollars. So it goes.
What Happened
The paperwork says Engle Capital Management exited their position in ACV Auctions. Completely. Just…gone. Twelve million dollars worth of shares, vanished into the ether. These things happen. Markets are fickle, and optimism, well, that’s a limited resource.
More to the Story
- Engle used to own 4.24% of the fund’s assets in ACV Auctions. Now, not so much. Money has a way of finding other places to be.
- Here’s what Engle does still like, as of late:
- NASDAQ:TLN: $28.86 million
- NYSE:TBBB: $25.04 million
- NASDAQ:LGN: $24.06 million
- NASDAQ:ROAD: $20.08 million
- NYSE:VST: $17.75 million
- ACV Auctions shares were trading at $6.61 on February 16, 2026. Down 65% in a year. The S&P 500, meanwhile, had a perfectly pleasant 20% gain. A reminder that not everything goes up.
A Quick Look at the Company
| Metric | Value |
|---|---|
| Revenue (TTM) | $759.6 million |
| Net income (TTM) | ($66.1 million) |
| Price (Feb 13, 2026) | $6.61 |
| One-year price change | (65%) |
What ACV Auctions Does
- They run a digital auction for used cars. A marketplace, they call it.
- They also sell data about those cars. Condition reports, valuations, the usual.
- They offer financing. Because everything needs financing.
- They serve car dealers, fleet operators, and anyone else moving a lot of metal.
It’s a big operation, this ACV Auctions. Streamlining the used car market. Data-driven decisions. Sounds sensible, doesn’t it? But sensible doesn’t always translate to profit.
What This Means for Investors
Sometimes, a company has a good idea, a solid vision. But the present is…difficult. ACV Auctions is one of those. They’re growing revenue – up from $637.2 million to $759.6 million – but they’re still losing money. A $66.1 million loss, to be precise. They expect revenue to grow again next year, to around $850 million. And they expect to still lose money. About $52 million, they figure. It’s a pattern.
Engle Capital Management seems to be shifting its focus. Power generation, engineering, financial infrastructure. Solid, dependable things. Less…digital marketplace. It’s understandable.
The real question isn’t whether online car auctions will work. It’s who will actually make money from them. And that, my friends, is a question for the ages. Or at least, for the next quarterly earnings report. So it goes.
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2026-03-12 23:42