ACV Announces Fourth Quarter and Full-Year 2023 Results
ACV Auctions Inc. - Class A (ACVA)
Company Research
Source: GlobeNewswire
Gained Market Share and Delivered 21% Revenue GrowthAdjusted EBITDA Ahead of Guidance Fourth quarter revenue of $118 million and full-year revenue of $481 millionFourth quarter GAAP net income (loss) of ($23) million and full-year GAAP net income (loss) of ($75) millionFourth quarter Adjusted EBITDA of ($5) million and full-year Adjusted EBITDA of ($18) million Expects 2024 revenue of $610 million to $625 million, growth of 27% to 30% YoY; expects 2024 Adjusted EBITDA of $20 million to $25 million BUFFALO, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its fourth quarter and full-year ended December 31, 2023. “We are very pleased with our strong fourth quarter results, with revenue in line with our guidance, strong year-over-year margin expansion, and Adjusted EBITDA exceeding our guidance range,” said George Chamoun, CEO of ACV.
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News
- ACV to Report First Quarter 2024 Financial Results on May 8, 2024GlobeNewswire
- ACV Auctions Inc. (NASDAQ: ACVA) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $19.00 price target on the stock.MarketBeat
- ACV Transportation Expands Services to Vehicles Purchased Outside of the ACV Platform [Yahoo! Finance]Yahoo! Finance
- ACV Transportation Expands Services to Vehicles Purchased Outside of the ACV PlatformGlobeNewswire
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ACVA
Earnings
- 2/21/24 - Miss
ACVA
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form ARS
- 4/17/24 - Form DEFA14A
- ACVA's page on the SEC website