ACV Auctions Inc. (ACVA)

NASDAQ: ACVA · IEX Real-Time Price · USD
18.35
+0.85 (4.86%)
At close: Apr 23, 2024, 4:00 PM
18.82
+0.47 (2.56%)
After-hours: Apr 23, 2024, 7:52 PM EDT
4.86%
Market Cap 3.13B
Revenue (ttm) 481.23M
Net Income (ttm) -75.26M
Shares Out 170.41M
EPS (ttm) -0.47
PE Ratio n/a
Forward PE 434.78
Dividend n/a
Ex-Dividend Date n/a
Volume 1,082,862
Open 17.66
Previous Close 17.50
Day's Range 17.65 - 18.54
52-Week Range 11.93 - 19.54
Beta 1.57
Analysts Strong Buy
Price Target 20.08 (+9.43%)
Earnings Date May 8, 2024

About ACVA

ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company's marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; AC... [Read more]

IPO Date Mar 24, 2021
Employees 2,170
Stock Exchange NASDAQ
Ticker Symbol ACVA
Full Company Profile

Financial Performance

In 2023, ACV Auctions's revenue was $481.23 million, an increase of 14.16% compared to the previous year's $421.53 million. Losses were -$75.26 million, -26.35% less than in 2022.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for ACVA stock is "Strong Buy." The 12-month stock price forecast is $20.08, which is an increase of 9.43% from the latest price.

Price Target
$20.08
(9.43% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

ACV Transportation Expands Services to Vehicles Purchased Outside of the ACV Platform

Dealers nationwide can now utilize ACV's seamless and transparent solution for rapid vehicle delivery for their full inventory. Dealers nationwide can now utilize ACV's seamless and transparent soluti...

8 days ago - GlobeNewsWire

ACV Auctions Announces the Settlement of Litigation Regarding AutoIMS

ACV licenses AutoIMS in support of ACV's digital product offering, expanding its scope of services for commercial consignors. ACV licenses AutoIMS in support of ACV's digital product offering, expandi...

2 months ago - GlobeNewsWire

ACV Announces Fourth Quarter and Full-Year 2023 Results

Gained Market Share and Delivered 21% Revenue Growth Adjusted EBITDA Ahead of Guidance

2 months ago - GlobeNewsWire

Impel Launches Car Buying AI and Integrates with ACV Auctions' ClearCar to Bring Enhanced Inventory Acquisition Solution to Auto Dealers

Combination of AI-Powered Lead Management with Automated Vehicle Condition Analysis and Valuation Provides End-to-End Automation for Private Party Vehicle Acquisition. SYRACUSE, N.Y.

2 months ago - PRNewsWire

ACV to Report Fourth Quarter and Full Year 2023 Financial Results on February 21, 2024

BUFFALO, N.Y., Jan. 24, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Com...

3 months ago - GlobeNewsWire

ACV to Showcase the Future of Vehicle Sourcing and Inventory Management at the 2024 National Automobile Dealers Association Show in Las Vegas

Dealers win by leveraging ACV's data and AI-powered inspection technologies Dealers win by leveraging ACV's data and AI-powered inspection technologies

3 months ago - GlobeNewsWire

ACV Panels Discuss using AI for Trusted Vehicle Valuation and Disposal Strategies at Used Car Week 2023

The leading digital automotive marketplace shares insights following executive panel participation and exhibiting at the event.

5 months ago - GlobeNewsWire

ACV Announces Participation in Upcoming Investor Conferences

BUFFALO, N.Y., Nov. 07, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members...

6 months ago - GlobeNewsWire

ACV Announces Third Quarter 2023 Results

Delivers Strong Revenue with Adjusted EBITDA Ahead of Guidance Raises 2023 Guidance

6 months ago - GlobeNewsWire

ACV to Report Third Quarter 2023 Financial Results on November 6, 2023

BUFFALO, N.Y., Oct. 16, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Com...

6 months ago - GlobeNewsWire

ACV Leverages AI to Introduce ClearCar

A trusted solution empowering dealers to effectively source consumer vehicles, ClearCar uses AI and real-time market data to accurately price vehicles based on condition A trusted solution empowering ...

6 months ago - GlobeNewsWire

ACV Prioritizes User Experience and Customer Communication Enhancements, Adding Chat to Its Robust Options

Auto industry innovator scales on-demand communication capabilities to cater to its dealer partners' communication preferences Auto industry innovator scales on-demand communication capabilities to ca...

8 months ago - GlobeNewsWire

ACV Announces Second Quarter 2023 Results

Delivers Record Revenue with Adjusted EBITDA Ahead of Guidance  Raises 2023 Guidance

9 months ago - GlobeNewsWire

ACV to Report Second Quarter 2023 Financial Results and Participate in the Canaccord Genuity 43rd Annual Growth Conference

BUFFALO, N.Y., July 17, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Com...

10 months ago - GlobeNewsWire

ACV's 2023 Analyst Day Showcases Latest Data & Technology Innovations

Leadership emphasized ongoing investments in artificial intelligence and machine learning to empower dealers and commercial partners Leadership emphasized ongoing investments in artificial intelligenc...

11 months ago - GlobeNewsWire

ACV Announces First Quarter 2023 Results

Delivered Record Revenue and Adjusted EBITDA Ahead of Guidance Raises 2023 Guidance

1 year ago - GlobeNewsWire

ACV to Report First Quarter 2023 Financial Results on May 10, 2023

BUFFALO, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that it wil...

1 year ago - GlobeNewsWire

ACV Reaches Milestone Of Over Three Million Vehicle Inspections and Two Million Vehicles Sold, Extending Its Data Moat and Marketplace Share Gains

In-field network of highly trained ACV inspectors leverage millions of granular vehicle intelligence data points per car inspection, rapidly growing structured data collection and fueling AI capabilit...

1 year ago - GlobeNewsWire

ACV's AI-Powered Monk Technology Tapped by Toyota Financial Services France for Off-Lease Vehicle Inspections

Guided photo capture tool will enhance and simplify consumer trade-in and off-lease for dealerships and commercial partners Guided photo capture tool will enhance and simplify consumer trade-in and of...

1 year ago - GlobeNewsWire

This Analyst With 88% Accuracy Rate Sees Over 20% Upside In Marvell Technology - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

All the three major stock indices on the Wall Street jumped over 1% on Friday, with the tech-heavy Nasdaq rising around 2% on the last trading day of the week.

Other symbols: AVGOMRVLAXONEYE
1 year ago - Benzinga

ACV to and Participate at the 2023 JMP Securities Technology Conference on March 7, 2023 and Host Analyst Day on June 1, 2023

BUFFALO, N.Y., Feb. 22, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, announced today that memb...

1 year ago - GlobeNewsWire

ACV Announces Fourth Quarter and Full-Year 2022 Results

Gained Market Share, Delivered 18% Full-Year Revenue Growth Adjusted EBITDA Ahead of Guidance

1 year ago - GlobeNewsWire

ACV CEO George Chamoun on the state of auto industry, chip shortages and market trends

George Chamoun, ACV CEO, joins 'The Exchange' to discuss the auto industry chip shortage as the issue begins to clear and what that means for his outlook on the sector.

1 year ago - CNBC Television

ACV to Engage Dealers at NADA 2023 With Tailored Content and Solutions Addressing Key Pain Points

ACV's thought leadership will span Live Stage presentations, an NADA workshop and a new robust speaking series in the ACV booth (#3141) ACV's thought leadership will span Live Stage presentations, an ...

1 year ago - GlobeNewsWire

ACV to Report Fourth Quarter and Full Year 2022 Financial Results on February 22, 2023

BUFFALO, N.Y., Jan. 25, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, announced today that it w...

1 year ago - GlobeNewsWire