Shares of ACV Auctions (ACVA 17.21%) soared Thursday after the online wholesale vehicle marketplace operator posted strong results for its fourth quarter despite challenging conditions in the used car industry. Investors also liked the company's guidance.As a result, ACV stock finished the session up by 17.2%. ACV revs higherRevenue in the quarter jumped 21% to $118.4 million, which matched the consensus estimate. Management said the company continued to gain market share even as dealer inventories were low ...

ACV Auctions Inc. (ACVA) reported $118.38 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 20.8%. EPS of -$0.04 for the same period compares to -$0.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $117.62 million, representing a surprise of +0.64%. The company has not delivered EPS surprise, with the consensus EPS estimate being -$0.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

ACV Auctions Inc. (ACVA) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.02, delivering a surprise of 71.43%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.ACV Auctions Inc., which belongs to th ...

ACV Announces Fourth Quarter and Full-Year 2023 Results Gained Market Share and Delivered 21% Revenue Growth Adjusted EBITDA Ahead of Guidance • Fourth quarter revenue of $118 million and full-year revenue of $481 million • Fourth quarter GAAP net income (loss) of ($23) million and full-year GAAP net income (loss) of ($75) million • Fourth quarter Adjusted EBITDA of ($5) million and full-year Adjusted EBITDA of ($18) million • Expects 2024 revenue of $610 million to $625 million, growth of 27% to 30% YoY; e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ 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 47-2415221 (State or other jurisdiction of (I ...

Core Insights - ACV Auctions Inc. (ACVA) is projected to report a quarterly loss of $0.04 per share, marking a 75% increase in losses compared to the same period last year [1] - Analysts forecast revenues of $117.62 million for the quarter, reflecting a year-over-year increase of 20.1% [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating a stable outlook from covering analysts [1] Revenue Estimates - Analysts estimate 'Revenue- Customer assurance revenue' to be $13.86 million, representing a 3.9% increase from the prior-year quarter [2] - The estimated 'Revenue- Marketplace and service revenue' is projected at $103.47 million, indicating a 22.3% increase from the previous year [2] Marketplace Metrics - The consensus among analysts is that 'Marketplace Units' will reach 144,222, up from 124,751 in the year-ago period [2] Stock Performance - ACV Auctions Inc. shares have increased by 4.6% over the past month, compared to a 5.2% increase in the Zacks S&P 500 composite [3] - The company holds a Zacks Rank of 4 (Sell), suggesting it is expected to underperform the overall market in the near future [3]

The stock market in 2024 is off to a promising start, especially for growth stocks with millionaire potential that have reached a larger scale. However, it’s still difficult to predict where things may end up in the coming months. From my perspective, I don’t foresee a drastic downturn, at least for the first half of 2024, given the current projections for strong GDP growth and a robust job market. These tailwinds suggest growth stocks should continue performing well over the next few months.Now feels like ...

Group 1 - ACV will report its fourth quarter 2023 financial results after market close on February 21, 2024, and will host a conference call at 5:00 p.m. ET [1] - A live webcast of the conference call will be available on the Company's investor relations website, with an archived replay accessible after the event [1] Group 2 - ACV aims to transform the automotive industry by creating a trusted and efficient digital marketplace and data solutions for sourcing, selling, and managing used vehicles [2] - The offerings of ACV include ACV Auctions, ACV Transportation, ACV Capital, MAX Digital, True360, and ClearCar [2]

BUFFALO, N.Y., Jan. 11, 2024 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial clients, will be taking center stage at the 2024 National Automobile Dealers Association (NADA) Show in Las Vegas. The company is focused on helping dealers "WIN with ACV" and excel in consumer acquisition, vehicle pricing and more. ACV has end-to-end solutions to help partners solve these challenges, and the team looks forward to engaging with d ...

ACV Auctions Inc. (NASDAQ:ACVA) Q3 2023 Earnings Conference Call November 6, 2023 5:00 PM ET Company Participants Tim Fox - Vice President, Investor Relations George Chamoun - Chief Executive Officer William Zerella - Chief Financial Officer Conference Call Participants Chris Pierce - Needham & Company Eric Sheridan - Goldman Sachs Nicholas Jones - JMP Securities Ronald Josey - Citi John Colantuoni - Jefferies Bob Labick - CJS Securities Michael Graham - Canaccord Rajat Gupta - JPMorgan Chase Daniel Imbro - ...