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ACV Auctions Inc. (ACVA) Reports Q4 Loss, Tops Revenue Estimates [Yahoo! Finance]

ACV Auctions Inc. - Class A (ACVA) 
Company Research Source: Yahoo! Finance
These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.02, delivering a surprise of 71.43%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. ACV Auctions Inc. , which belongs to the Zacks Internet - Commerce industry, posted revenues of $118.38 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 0.64%. This compares to year-ago revenues of $97.97 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ACV Auctions Inc. Shares have lost about 7.3% since the beginning of the year versus the S&P 500's gain of 4.3%. What's Next for ACV Auct Show less Read more
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