ACV Auctions: Positive On EBITDA Beat And Above-Expectations Revenue Guidance (Rating Upgrade)

SOPA Images/LightRocket via Getty Images Elevator Pitch I rate ACV Auctions Inc. (NASDAQ:ACVA) stock as a Buy. In my previous September 12, 2023, write-up, my focus was on ACVA's growing market share, the stock's valuations as compared to peers, and the change in consensus estimates for the company. I touch on ACV Auctions' Q4 2023 results and fiscal 2024 guidance in this latest article. ACV Auctions' actual Q4 2023 EBITDA loss was not as bad as what the market had anticipated, while the company's 2024 top ...