ACV Auctions

ACV Auctions, Inc. engages in the development of a pricing application for franchise dealers. It offers ACV, a mobile auction platform that enables wholesale dealers to sell trade-ins by creating app based auctions. The firm's ACV also operates as a closing tool that enables wholesale buyers to bid for vehicles. The company was founded by Joseph Neiman, Daniel Magnuszewsk, and Jack Greco in December 2014 and is headquartered in Buffalo, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

ACV Auctions reports solid Q4 earnings, eyes growth and tech

ACV Auctions reported solid financial performance for Q4 2022 and full-year 2022, with revenue and GMV growth despite challenges in conversion rates. The company's strategic focus on growth, innovation, and scale positions them well for future opportunities.
While facing challenges in conversion rates and market trends, ACV is actively addressing these issues and aiming to achieve financial targets by 2026. Leveraging technology and customer relationships are key strengths for ACV's growth.
Opportunities lie in expanding dealer penetration, leveraging new technologies, and providing detailed updates on financial targets to investors. ACV's commitment to financial discipline and operational efficiency will be crucial for future success.

ACV Auctions reports record Q1 revenue and growth opportunities ahead

ACV Auctions delivered a strong Q1 performance with record revenue, market share growth, and operational achievements. The company's focus on innovation, cost management, and strategic planning positions it for sustainable growth and long-term profitability.
While facing challenges in managing EBITDA losses and industry dynamics, ACV Auctions is well-positioned to leverage opportunities for revenue growth and market differentiation. Continued emphasis on technology adaptability and customer value will be key to navigating market challenges.
With a resilient business model and strategic initiatives in place, ACV Auctions aims to achieve EBITDA breakeven by year-end and sustain revenue margin growth. The company's commitment to dealer acquisition, market share expansion, and operational excellence underpins its growth trajectory.

ACV Auctions excels in Q2, eyes long-term growth and innovation

ACV Auctions delivered a strong performance in Q2 2023, exceeding revenue and adjusted EBITDA expectations, showcasing growth and operational excellence.
The company's strategic focus on innovation, technology, and scale positions it well for long-term success, despite short-term financial challenges.
Optimism about market conditions, ongoing investments in technology, and upcoming enhancements signal a promising outlook for ACV Auctions' future growth and competitiveness.

ACV Auctions beats Q3 targets, eyes $1.3B revenue in 2026

ACV Auctions delivered strong Q3 results, exceeding revenue and EBITDA guidance. The company is focused on growth, innovation, and efficiency to drive profitability. Facing challenges with dealer inventory and fee increases, ACV sees opportunities in consumer car sourcing and technology investments.

ACV Auctions reports robust Q4 earnings, eyes profitability in 2024

ACV Auctions delivered strong financial performance in Q4 2023, with revenue meeting guidance and impressive YoY growth. The company's focus on tech innovations and diversified growth pillars positions it well for future success.
While facing challenges in the commercial segment and dealer wholesale market, ACV's strategic investments and commitment to profitability in 2024 present opportunities for sustained growth and market expansion.
Overall, ACV Auctions remains well-positioned to capitalize on market trends, drive operational efficiency through technology, and achieve long-term value creation for shareholders, signaling a positive trajectory for the company.

ACV Auctions posts record revenue in Q1 2024 earnings call

ACV Auctions reported strong financial performance in Q1 2024 with record revenue and positive EBITDA.
The company's focus on growth, innovation, and scale positions it well for mid-term targets and market expansion.
Despite challenges in GMV and market penetration, ACV's strengths in technology and customer loyalty offer competitive advantages.
Opportunities lie in capitalizing on market improvements, strategic acquisitions, and revenue mix expansion for sustained growth.

ACV Auctions reports record Q2 revenue and raises full-year guidance

ACV Auctions demonstrated robust performance in Q2, marked by record revenue, operational efficiency, and strategic growth initiatives amidst market challenges.
The company's strengths lie in its resilient consumer sourcing solution, positive market trends, and strong financial foundation, positioning it for future success.
While challenges persist, ACV Auctions is well-positioned to leverage opportunities for growth, profitability, and innovation in the evolving automotive landscape.

ACV Auctions (ACVA) reports record Q3 revenue, eyes growth opportunities

ACV Auctions delivered a robust performance in Q3 2024, surpassing revenue and EBITDA expectations.
Operational achievements in delivery services and financing, coupled with strategic focus on growth, position the company well.
While challenges like GMV per unit decline exist, ACV Auctions is poised to capitalize on opportunities for expansion and innovation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ACV Auctions, Inc. provides a vibrant digital marketplace for wholesale vehicle transactions and data services, which offers transparent and accurate vehicle information to its customers. The company’s platform leverages data insights and technology to power its digital marketplace and data services, enabling its dealers and commercial partners to buy, sell and value vehicles. Its platform includes Digital Marketplace, Remarketing Centers, Data Services and Data and Technology. Digital Marketplace connects buyers and sellers of wholesale vehicles in an intuitive and efficient manner. Remarketing Centers provides an additional channel to provide dealers and commercial partners with auction services. Data Services offers insights into the condition and value of used vehicles for transactions both on and off its marketplace and helps dealers, their end consumers, and commercial partners make more informed decisions to transact with confidence and efficiency. Data and Technology underpins everything it does, and powers its vehicle inspections, comprehensive vehicle intelligence reports, digital marketplace and operations automation platform. The company was founded by Joseph Neiman, Daniel Magnuszewsk, and Jack Greco in December 2014 and is headquartered in Buffalo, NY.

The headline numbers for ACV Auctions Inc. (ACVA) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

ACV Auctions Inc. (ACVA) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

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.

ACV Auctions Inc. (ACVA) Reports Q4 Loss, Tops Revenue Estimates

ACV licenses AutoIMS in support of ACV's digital product offering, expanding its scope of services for commercial consignors. ACV licenses AutoIMS in support of ACV's digital product offering, expanding its scope of services for commercial consignors.

ACV Auctions Announces the Settlement of Litigation Regarding AutoIMS

Gained Market Share and Delivered 21% Revenue Growth Adjusted EBITDA Ahead of Guidance

ACV Announces Fourth Quarter and Full-Year 2023 Results

Evaluate the expected performance of ACV Auctions Inc. (ACVA) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

ACV Auctions Inc. (ACVA) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

LuxUrban Hotels Inc

Riot Blockchain

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.

3 Growth Stocks Poised for a 2024 Millionaire-Making Moonshot

Combination of AI-Powered Lead Management with Automated Vehicle Condition Analysis and Valuation Provides End-to-End Automation for Private Party Vehicle Acquisition. SYRACUSE, N.Y.

Impel Launches Car Buying AI and Integrates with ACV Auctions' ClearCar to Bring Enhanced Inventory Acquisition Solution to Auto Dealers

BUFFALO, N.Y., Jan. 24, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report fourth quarter 2023 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, February 21, 2024.

ACV to Report Fourth Quarter and Full Year 2023 Financial Results on February 21, 2024

Dealers win by leveraging ACV's data and AI-powered inspection technologies Dealers win by leveraging ACV's data and AI-powered inspection technologies

ACV to Showcase the Future of Vehicle Sourcing and Inventory Management at the 2024 National Automobile Dealers Association Show in Las Vegas

Here is how ACV Auctions Inc. (ACVA) and American Eagle Outfitters (AEO) have performed compared to their sector so far this year.

Is ACV Auctions (ACVA) Outperforming Other Retail-Wholesale Stocks This Year?

I continue to recommend a buy for ACV, As I believe it can achieve its FY26 targets. ACV has shown strong performance with gains in market share and revenue growth, despite a contraction in the industry. The company is expected to benefit from macro tailwinds, such as improved vehicle sales and increased demand for used cars.

ACV Auctions: Macro Tailwinds Ahead To Continue Driving Growth

The consensus price target hints at a 31.7% upside potential for ACV Auctions Inc. (ACVA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 31.71% Upside in ACV Auctions Inc. (ACVA): Can the Stock Really Move This High?

The leading digital automotive marketplace shares insights following executive panel participation and exhibiting at the event.

ACV Panels Discuss using AI for Trusted Vehicle Valuation and Disposal Strategies at Used Car Week 2023

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 - Stephens Inc. Operator Good day and thank you for standing by. Welcome to the ACV Auctions Third Quarter 2023 Earnings Call.

ACV Auctions Inc. (ACVA) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for ACV Auctions Inc. (ACVA) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, ACV Auctions Inc. (ACVA) Q3 Earnings: A Look at Key Metrics

Delivers Strong Revenue with Adjusted EBITDA Ahead of Guidance Raises 2023 Guidance

ACV Announces Third Quarter 2023 Results

The mean of analysts' price targets for ACV Auctions Inc. (ACVA) points to a 39.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think ACV Auctions Inc. (ACVA) Could Surge 39.09%: Read This Before Placing a Bet

ACV Auctions Inc. (ACVA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will ACV Auctions Inc. (ACVA) Report Negative Earnings Next Week? What You Should Know

Affirm

ImmunoGen

Oscar Health

Electrameccanica

OSCR, IMGN, AFRM, ACVA and SOLO have been added to the Zacks Rank #1 (Strong Buy) List on October 20, 2023.

New Strong Buy Stocks for October 20th

BUFFALO, N.Y., Oct. 16, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report third quarter 2023 financial results after market close and host a conference call at 5:00 p.m. ET on Monday, November 6, 2023.

ACV to Report Third Quarter 2023 Financial Results on November 6, 2023

A trusted solution empowering dealers to effectively source consumer vehicles, ClearCar uses AI and real-time market data to accurately price vehicles based on condition A trusted solution empowering dealers to effectively source consumer vehicles, ClearCar uses AI and real-time market data to accurately price vehicles based on condition

ACV Leverages AI to Introduce ClearCar

Auto industry innovator scales on-demand communication capabilities to cater to its dealer partners' communication preferences Auto industry innovator scales on-demand communication capabilities to cater to its dealer partners' communication preferences

ACV Prioritizes User Experience and Customer Communication Enhancements, Adding Chat to Its Robust Options

ACV Auctions Inc. (NASDAQ:ACVA ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Tim Fox - Vice President-Investor Relations George Chamoun - Chief Executive Officer Bill Zerella - Chief Financial Officer Conference Call Participants Michael Graham - Canaccord Nick Jones - JMP Securities Eric Sheridan - Goldman Sachs John Colantuoni - Jefferies Naved Khan - B. Riley Christopher Pierce - Needham Ronald Josey - Citi Daniel Imbro - Stephens Rajat Gupta - JPMorgan Gary Prestopino - Barrington Research Operator Good day and thank you for standing by.

ACV Auctions Inc. (ACVA) Q2 2023 Earnings Call Transcript

Delivers Record Revenue with Adjusted EBITDA Ahead of Guidance  Raises 2023 Guidance

ACV Announces Second Quarter 2023 Results

BUFFALO, N.Y., July 17, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report second quarter 2023 financial results after market close and host a conference call at 5:00 p.m. ET on Monday, August 7, 2023.

News for ACV Auctions Stock (ACVA)