Cambiar SMID Fund highlighted ACV Auctions Inc. in its second-quarter 2026 investor letter, saying the wholesale car auction marketplace rebounded after reporting strong top-line growth and announcing a large share buyback program. The fund made the comments while reviewing a quarter in which the S&P 500 gained 15.2%, the Russell 2000 rose 21.5% and the Russell 2500 Value Index returned 18.5%, while the Cambiar SMID Fund returned 14.39% for both its investor and institutional classes, its best result since the fourth quarter of 2022. ACV Auctions closed at $10.42 per share on September 16, 2026, and has returned 35.85% over the past month but is up just 0.77% over the past year, with a market capitalization of $1.77 billion and a 52-week range of $4.07 to $10.55. The fund grouped ACV with WillScot Holdings as niche but essential business models that can be found in the smaller cap segment of the equity market. According to the article, 39 hedge fund portfolios held ACV Auctions at the end of the second quarter, down from 47 in the previous quarter.
ACV Auctions Inc.ACV Auctions rebounded after strong top-line growth and a large share buyback program, per the Cambiar SMID Fund letter.
Willscot Mobile Mini Holdings Corp A