ACV Announces Second Quarter 2024 Results Revenue Growth of 29% and Exceeds the High-End of Guidance • Second quarter revenue of $161 million • Second quarter GAAP net income (loss) of ($17) million • Second quarter non-GAAP net income of $3 million • Second quarter Adjusted EBITDA of $7 million • Expects 2024 revenue of $615 million to $625 million, growth of 28% to 30% YoY, net income (loss) of ($85) million to ($80) million and Adjusted EBITDA of $21 million to $25 million BUFFALO, August 7, 2024 — ACV ( ...

BUFFALO, N.Y., Aug. 07, 2024 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the following upcoming investor conferences: Canaccord Genuity 44th Annual Growth Conference on Tuesday, August 13, 2024 at 4:00 p.m. ETCiti 2024 Global TMT Conference on Wednesday, September 4, 2024 at 4:40 p.m. ETGoldman Sachs Communacopia + Technology Conference on Tues ...

Wall Street analysts expect ACV Auctions Inc. (ACVA) to post quarterly earnings of $0.02 per share in its upcoming report, which indicates a year-over-year increase of 300%. Revenues are expected to be $156.33 million, up 25.9% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ...

The market expects ACV Auctions Inc. (ACVA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rele ...

ACV Auctions Inc. (NASDAQ:ACVA) Q1 2024 Earnings Conference Call May 8, 2024 5:00 AM ET Company Participants George Chamoun - Chief Executive Officer Bill Zerella - Chief Financial Officer Tim Fox - Vice President, Investor Relations Conference Call Participants Bob Labick - CJS Securities Michael Graham - Canaccord Genuity Jamesmichael Sherman-Lewis - Citigroup Rajat Gupta - JP Morgan Nick Jones - Citizens GMP Gary Prestopino - Barrington Research Operator Greetings! And welcome to the ACV Q1 2024 Earning ...

For the quarter ended March 2024, ACV Auctions Inc. (ACVA) reported revenue of $145.69 million, up 21.8% over the same period last year. EPS came in at $0.00, compared to -$0.03 in the year-ago quarter.The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $144.14 million. With the consensus EPS estimate being $0.01, the EPS surprise was -100.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Earnings Performance - ACV Auctions reported break-even quarterly earnings per share, missing the Zacks Consensus Estimate of $0.01, compared to a loss of $0.03 per share a year ago [1] - The company's earnings surprise was -100% for the quarter, with no surprise in the previous quarter as it met the expected loss of $0.04 per share [1] - Over the last four quarters, ACV Auctions surpassed consensus EPS estimates twice [1] Revenue Performance - ACV Auctions posted revenues of $145.69 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.08% and showing a year-over-year increase from $119.63 million [1] - The company has topped consensus revenue estimates three times over the last four quarters [1] Stock Performance - ACV Auctions shares have gained 17.2% since the beginning of the year, outperforming the S&P 500's gain of 8.8% [2] Earnings Outlook - The company's earnings outlook, including current consensus expectations and recent changes, is a key factor for future stock performance [3] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [3] Estimate Revisions and Zacks Rank - Ahead of the earnings release, the estimate revisions trend for ACV Auctions was mixed, resulting in a Zacks Rank 3 (Hold) [4] - The current consensus EPS estimate is $0.03 on $156.7 million in revenues for the coming quarter and $0.07 on $612.63 million in revenues for the current fiscal year [4] Industry Impact - The Internet - Commerce industry, to which ACV Auctions belongs, is currently in the top 26% of the Zacks industries, with the top 50% outperforming the bottom 50% by more than 2 to 1 [5] Peer Comparison - Cars.com, another company in the same industry, is expected to report quarterly earnings of $0.08 per share, representing a year-over-year change of -52.9%, with revenues expected to be $179.81 million, up 7.6% from the year-ago quarter [5][6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40256 ACV Auctions Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 4 ...

ACV Announces First Quarter 2024 Results Delivered 22% Revenue Growth Revenue and Adjusted EBITDA at the High-End of Guidance • First quarter revenue of $146 million • First quarter GAAP net income (loss) of ($20) million • First quarter non-GAAP net income of $1 million • First quarter Adjusted EBITDA of $4 million • Expects 2024 revenue of $610 million to $625 million, growth of 27% to 30% YoY, net income (loss) of ($85) million to ($80) million and Adjusted EBITDA of $20 million to $25 million BUFFALO, M ...

The upcoming report from ACV Auctions Inc. (ACVA) is expected to reveal quarterly earnings of $0.01 per share, indicating an increase of 133.3% compared to the year-ago period. Analysts forecast revenues of $144.14 million, representing an increase of 20.5% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company ...