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.

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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.

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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.

Find out how ACV tools help dealers keep the right retail-ready vehicles and wholesale non-core inventory efficiently, profitably and in-network at NADA Booth #3141 Find out how ACV tools help dealers keep the right retail-ready vehicles and wholesale non-core inventory efficiently, profitably and in-network at NADA Booth #3141

ACV Equips Dealer Partners with Solutions to Manage Rising Used and Aged Retail Inventory

ACV experts in dealership operations and data technology will host educational workshop and compete in new Pitch Competition ACV experts in dealership operations and data technology will host educational workshop and compete in new Pitch Competition

ACV Takes the Stage in Dallas at the 2023 National Automobile Dealers Association Show

The United States has a sizable and intricate automotive auction market. Competition from online players is posing a threat to traditional players.

ACV Auctions: Good Upside If It Can Hit FY 2026 Target

BUFFALO, N.Y., Nov. 29, 2022 (GLOBE NEWSWIRE) -- ACV (NASDAQ: ACVA), the leading online automotive marketplace for dealers, announced today that members of its management team will present at the 2022 Raymond James Technology Investors Conference on December 6, 2022 at 11:30 AM Eastern Time.

ACV to Participate at the 2022 Raymond James Technology Investors Conference

The leading digital automotive marketplace will participate in multiple workshops and panel discussions from November 14-17 in San Diego, California

ACV Returns to Used Car Week 2022 as Active Sponsor and Exhibitor

ACV Auctions Inc. (NASDAQ:ACVA ) Q3 2022 Results Conference Call November 9, 2022 5:00 PM ET Company Participants Tim Fox - VP, IR George Chamoun - CEO Bill Zerella - CFO Conference Call Participants Chris Pierce - Needham & Company Naved Khan - Truist Rajat Gupta - JPMorgan Eric Sheridan - Goldman Sachs Daniel Imbro - Stephens Operator Ladies and gentlemen, thank you for standing by, and welcome to the ACVA Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

ACV Auctions Inc. (ACVA) Q3 2022 Earnings Call Transcript

ACV Auctions Inc. (ACVA) delivered earnings and revenue surprises of 21.05% and 1.02%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

ACV Auctions Inc. (ACVA) Reports Q3 Loss, Tops Revenue Estimates

Gains Market Share, Delivers Solid Revenue Growth and Margin Improvement Updates 2022 Guidance

ACV Announces Third Quarter 2022 Results

BUFFALO, N.Y., Nov. 07, 2022 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading online automotive marketplace and data services partner for dealers, announced today that members of its management team will present at the following upcoming investor conferences:

ACV Announces Upcoming Conference Participation

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.

Analysts Estimate ACV Auctions Inc. (ACVA) to Report a Decline in Earnings: What to Look Out for

BUFFALO, N.Y., Oct. 19, 2022 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), announced today that it will report third quarter 2022 financial results following the close of market on Wednesday, November 9, 2022. On that day, management will host a conference call and live webcast to discuss financial results at 5:00 p.m. ET.

ACV to Report Third Quarter 2022 Financial Results on November 9, 2022

Full-length panoramic imagery, coupled with machine learning capabilities, offers bottom line protection when acquiring inventory Full-length panoramic imagery, coupled with machine learning capabilities, offers bottom line protection when acquiring inventory

When a Picture is Worth Thousands: ACV Virtual Lift™ Now Offers Dealers a Solution to Combat Increasing Catalytic Converter Thefts

ACV's Drivably and Monk solutions enable dealers to transform their consumer sourcing experience with highly differentiated digital solutions powered by machine learning and data ACV's Drivably and Monk solutions enable dealers to transform their consumer sourcing experience with highly differentiated digital solutions powered by machine learning and data

HGreg Automotive Group adopts ACV's leading digital solutions to reinvent consumer vehicle sourcing

ACV Auctions Inc. (NASDAQ:ACVA ) Q2 2022 Earnings Conference Call August 10, 2022 5:00 PM ET Company Participants Tim Fox - Vice President of Investor Relations George Chamoun - Chief Executive Officer Bill Zerella - Chief Financial Officer Conference Call Participants John Colantuoni - Jefferies Ali Faghri - Guggenheim Partners Ron Josey - Citi Eric Sheridan - Goldman Sachs Chris Pierce - Needham & Company Bob Labick - CJS Securities Rajat Gupta - JPMorgan Operator Good afternoon, ladies and gentlemen, and thank you for standing by. And welcome to the ACV Second Quarter Conference Call.

ACV Auctions Inc. (ACVA) CEO George Chamoun on Q2 2022 Results - Earnings Call Transcript

ACV Auctions Inc. (ACVA) delivered earnings and revenue surprises of 47.37% and 4.03%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

ACV Auctions Inc. (ACVA) Reports Q2 Loss, Tops Revenue Estimates

ACV Announces Second Quarter 2022 Results

ACV Auctions (ACVA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for ACV Auctions (ACVA) This Earnings Season?

The average of price targets set by Wall Street analysts indicates a potential upside of 117% in ACV Auctions Inc. (ACVA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Can ACV Auctions Inc. (ACVA) Climb 117% to Reach the Level Wall Street Analysts Expect?

ACV Auctions Inc. (ACVA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ACV Auctions Inc. (ACVA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

BUFFALO, N.Y., July 20, 2022 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), announced today that it will report second quarter 2022 financial results following the close of market on Wednesday, August 10, 2022. On that day, management will host a conference call and live webcast to discuss financial results at 5:00 p.m. ET.

ACV to Report Second Quarter 2022 Financial Results on August 10, 2022

S.A.M. accelerates and improves visibility for dealers' core inventory needs so they never miss the right vehicle on ACV's Marketplace S.A.M. accelerates and improves visibility for dealers' core inventory needs so they never miss the right vehicle on ACV's Marketplace

ACV Unveils S.A.M.™, Smart Acquisition Manager™, Arming Dealers with Customizable AI-Powered Programmatic Buying Solutions

BUFFALO, N.Y., June 27, 2022 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, today announced it has been named one of the Best Workplaces in New York™ in 2022 by Great Place to Work and Fortune Magazine.

ACV Named One of the Best Workplaces in New York™ in 2022 by Great Place to Work® and Fortune Magazine

ACV Auctions Inc. (ACVA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

ACV Auctions Inc. (ACVA) Soars 6.2%: Is Further Upside Left in the Stock?

ACV Auctions, Inc. (NASDAQ:ACVA ) Q1 2022 Earnings Conference Call May 11, 2022 5:00 PM ET Company Participants Timothy Fox - VP, IR William Zerella - CFO George Chamoun - CEO & Director Conference Call Participants Rajat Gupta - JPMorgan Chase & Co. Ali Faghri - Guggenheim Securities Naved Khan - Truist Securities Eric Sheridan - Goldman Sachs Group Christopher Pierce - Needham & Company John Colantuoni - Jefferies Daniel Imbro - Stephens Inc. Michael Graham - Canaccord Genuity Operator Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the ACV First Quarter Conference Call.

ACV Auctions, Inc. (ACVA) CEO George Chamoun on Q1 2022 Results - Earnings Call Transcript

Delivers Solid Revenue Growth and Market Share Gains

News for ACV Auctions Stock (ACVA)