ACV Auctions Announces the Settlement of Litigation Regarding AutoIMS
ACV Auctions Inc. - Class A (ACVA)
Company Research
Source: GlobeNewswire
BUFFALO, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial clients, is pleased to announce the settlement of its antitrust litigation related to the AutoIMS technology platform (ACV Auctions Inc. v. National Auto Auction Association, Inc., et al.). AutoIMS serves the wholesale automotive remarketing industry with a tool that connects auto auctions, consignors, third-party services providers, and remarketing networks. In 2022, ACV filed suit after the company was unable to secure an AutoIMS license. ACV has now received an AutoIMS license and settled the lawsuit. The company may now provide services to the 1,300 commercial consignors that currently utilize AutoIMS to connect with hundreds of physical auctions. ACV will also be able to deploy AutoIMS in a way that supports ACV’s digital-focused business model. “AASC is pleased the parties were able to reach a reasonable agreeme
Show less
Read more
Impact Snapshot
Event Time:
ACVA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ACVA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACVA alerts
High impacting ACV Auctions Inc. - Class A news events
Weekly update
A roundup of the hottest topics
ACVA
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
- Does ACV Auctions (ACVA) Have the Potential to Create a Strong Competitive Moat? [Yahoo! Finance]Yahoo! Finance
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