ACV Auctions Announces the Settlement of Litigation Regarding AutoIMS [Yahoo! Finance]
ACV Auctions Inc. - Class A (ACVA)
Company Research
Source: Yahoo! Finance
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 agree
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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