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.

ACV Auctions went public in March 2021, raising $414 million in gross proceeds. The firm provides a car auction and services platform to U.S.-based car dealerships.

ACV Auctions Doubles Down On Market Share Growth For 2022

ACV Capital's new self-service portal offers real time access to credit line details, payment information and invoices. ACV Capital's new self-service portal offers real time access to credit line details, payment information and invoices.

ACV Capital Launches New Online Portal For All ACV Capital Floorplan Customers

BUFFALO, N.Y., April 20, 2022 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), announced today that it will report first quarter 2022 financial results following the close of market on Wednesday, May 11, 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 First Quarter 2022 Financial Results on May 11, 2022

The new free app offers digital solution for a smooth, more transparent pickup and delivery experience for carriers and dealers The new free app offers digital solution for a smooth, more transparent pickup and delivery experience for carriers and dealers

Carrier by ACV Transportation™ App Offers Digital Efficiencies, Protection and Faster Payment for ACV Auctions Vehicle Carriers

Organic growth, acquisitions and strategic hires further company's recruitment initiatives and continued investment in innovation Organic growth, acquisitions and strategic hires further company's recruitment initiatives and continued investment in innovation

ACV Appoints Chief Legal Officer and Scales to 2,000 Teammates

NADA revealed common themes and pain points, including the need to streamline inventory sourcing NADA revealed common themes and pain points, including the need to streamline inventory sourcing

Reflections and Automotive Insights from the 2022 National Automobile Dealers Association Conference

Live demos at booth 2721W for Consumer Acquisition, Next Generation Appraisal, Intelligent Digital Merchandising and ACV speaking sessions aim to take Dealerships to the next level Live demos at booth 2721W for Consumer Acquisition, Next Generation Appraisal, Intelligent Digital Merchandising and ACV speaking sessions aim to take Dealerships to the next level

ACV Debuts Next Level Capabilities for Dealers at NADA

ACV broadens consumer sourcing offerings for Dealer and Commercial Partners with the acquisition of world-class AI team and technology ACV broadens consumer sourcing offerings for Dealer and Commercial Partners with the acquisition of world-class AI team and technology

ACV Acquires Monk SAS, a Leading AI-Powered Imaging and Vehicle Inspection Platform

BUFFALO, N.Y., Feb. 23, 2022 (GLOBE NEWSWIRE) -- ACV Auctions Inc. (NASDAQ: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, announced today that members of its management team will present at the 2022 JMP Securities Technology Conference on March 8, at 4:30 PM Eastern Time.

ACV to Participate at the 2022 JMP Securities Technology Conference

Acquisition of Drivably broadens ACV's products to enable dealers to successfully compete for consumer vehicles Acquisition of Drivably broadens ACV's products to enable dealers to successfully compete for consumer vehicles

ACV Expands Consumer Sourcing Tools For Dealers With The Industry's First Fully Integrated Condition-Adjusted Valuation Offering

ACV Auctions Inc. (ACVA) CEO George Chamoun on Q4 2021 Results - Earnings Call Transcript

Achieves $100 million Quarterly Revenue Milestone Provides 2022 Guidance and 2026 Financial Targets

ACV Announces Fourth Quarter and Full-Year 2021 Results

ACV Auctions has seen continued pressure on its share price while the business has seen mixed performance. Amidst strong demand for cars, and limited supply, the company is seeing solid growth, yet lackluster margins.

ACV Auctions: Cheaper, Not A Bargain Yet

BUFFALO, N.Y., Dec. 01, 2021 (GLOBE NEWSWIRE) -- ACV (NASDAQ: ACVA), the leading online automotive marketplace for dealers, announced today that members of its management team will present at the 2021 Raymond James Technology Investors Conference on December 6, 2021 at 8:50 AM Eastern Time.

ACV To Participate at the 2021 Raymond James Technology Investors Conference

The leading digital automotive marketplace will participate in a wide variety of speaking sessions and events from November 15-18 in Las Vegas, Nevada The leading digital automotive marketplace will participate in a wide variety of speaking sessions and events from November 15-18 in Las Vegas, Nevada

ACV Participates as Active Sponsor and Exhibitor at Used Car Week 2021

BUFFALO, N.Y., Nov. 11, 2021 (GLOBE NEWSWIRE) -- ACV Auctions Inc. (NASDAQ: ACVA), the leading online automotive marketplace for dealers, announced today that members of its management team will present at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 16, 2021 at 4:00 PM Eastern Time.

ACV To Participate at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference

ACV Auctions Inc. (ACVA) CEO George Chamoun on Q3 2021 Results - Earnings Call Transcript

Increases Full Year 2021 Guidance Increases Full Year 2021 Guidance

ACV Announces Third Quarter 2021 Results

The average of price targets set by Wall Street analysts indicates a potential upside of 69.9% 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.

Wall Street Analysts Believe ACV Auctions Inc. (ACVA) Could Rally 70%: Here's is How to Trade

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

Should You Buy ACV Auctions (ACVA) Ahead of Earnings?

The consensus price target hints at a 73.1% 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 Think ACV Auctions Inc. (ACVA) Could Surge 73%: Read This Before Placing a Bet

BUFFALO, N.Y., Sept. 9, 2021 /PRNewswire/ -- ACV  (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, today announced the new executive appointment of Chief Technology Officer Bahman Koohestani, who will lead the technology and product team to further innovate and transform the used car industry.

ACV Appoints Bahman Koohestani As Chief Technology Officer

SAN ANTONIO, Aug. 24, 2021 /PRNewswire/ --  ACV  (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, is pleased to join the National Independent Auto Dealers Association for the 2021 Convention and Expo in San Antonio, TX as a presenting sponsor of the keynote speech and host to various workshops and panels. ACV's flagship product offering ACV Auctions will proudly participate in the 2021 NIADA Convention and Expo as the presenting sponsor of the keynote speech by Dallas Cowboys football legend Michael Irvin on August 25 at 4:15 - 5:15 p.m.

ACV Sponsors 2021 National Independent Dealers Association Convention And Expo

ACV Auctions Inc. (ACVA) CEO George Chamoun on Q2 2021 Results - Earnings Call Transcript

News for ACV Auctions Stock (ACVA)