ACV Auctions Inc. (ACVA) Surpasses Q1 Earnings and Revenue Estimates

Core Viewpoint - ACV Auctions Inc. reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, marking a 100% earnings surprise compared to break-even earnings per share a year ago [1] Financial Performance - The company achieved revenues of $182.7 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.16% and showing an increase from $145.69 million in the same quarter last year [2] - Over the last four quarters, ACV Auctions has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - ACV Auctions shares have declined approximately 28.5% since the beginning of the year, contrasting with the S&P 500's decline of 4.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $196.65 million, and for the current fiscal year, it is $0.25 on revenues of $776.65 million [7] Industry Outlook - The Internet - Commerce industry, to which ACV Auctions belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact ACV Auctions' stock performance [5]