Why ACV Auctions Stock Popped Today
ACV Auctions(ACVA) The Motley Fool·2024-02-22 22:56Shares 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 ...