ACV Auctions(US:ACVA) ZACKS·2024-08-06 14:20Core Insights - ACV Auctions Inc. (ACVA) is expected to report quarterly earnings of $0.02 per share, reflecting a year-over-year increase of 300% [1] - Projected revenues for ACV Auctions are anticipated to be $156.33 million, which represents a 25.9% increase from the same quarter last year [1] - Analysts have revised the consensus EPS estimate upward by 2.6% over the last 30 days, indicating a collective reassessment of forecasts [1] Revenue Projections - Analysts estimate 'Revenue- Customer assurance' to be $17.34 million, indicating a year-over-year change of +16.7% [2] - The consensus for 'Revenue- Marketplace and service' is projected to reach $139.74 million, suggesting a year-over-year increase of +27.8% [2] - 'Marketplace Units' are forecasted to total 186,524, up from 153,148 in the previous year [2] Stock Performance - ACV Auctions shares have experienced a return of -15.3% over the past month, compared to a -6.7% change in the Zacks S&P 500 composite [3] - With a Zacks Rank 2 (Buy), ACVA is expected to outperform the overall market in the near future [3]