Why ACV Auctions Stock Popped Today [Yahoo! Finance]
ACV Auctions Inc. - Class A (ACVA)
Company Research
Source: Yahoo! Finance
quarter despite challenging conditions in the used car industry. Investors also liked the company's guidance. As a result, ACV stock finished the session up by 17.2%. ACV revs higher Revenue in the quarter jumped 21% to $118.4 million, which matched the consensus estimate. Management said the company continued to gain market share even as dealer inventories were low, and it saw promising trends in new vehicle production and retail sales going forward. Revenues from the company's core marketplace and service segment rose 23% to $104 million even as marketplace gross merchandise volume (GMV) was up just 6% to $1.8 billion and marketplace units sold rose 15% to 143,999. That reflects both that wholesale prices fell and the company's take rate moved higher, which supported its expanding margins. On the bottom line, ACV's adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) loss narrowed from $13 million in Q4 2022 to $5 million, and its generally a
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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