ACV Auctions Inc. (ACVA)
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]
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 StatementsAnalyst 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.
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...
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...
ACV Announces Fourth Quarter and Full-Year 2023 Results
Gained Market Share and Delivered 21% Revenue Growth Adjusted EBITDA Ahead of Guidance
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.
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...
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
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.
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...
ACV Announces Third Quarter 2023 Results
Delivers Strong Revenue with Adjusted EBITDA Ahead of Guidance Raises 2023 Guidance
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...
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 ...
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...
ACV Announces Second Quarter 2023 Results
Delivers Record Revenue with Adjusted EBITDA Ahead of Guidance Raises 2023 Guidance
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...
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...
ACV Announces First Quarter 2023 Results
Delivered Record Revenue and Adjusted EBITDA Ahead of Guidance Raises 2023 Guidance
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...
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...
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...
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.
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...
ACV Announces Fourth Quarter and Full-Year 2022 Results
Gained Market Share, Delivered 18% Full-Year Revenue Growth Adjusted EBITDA Ahead of Guidance
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.
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 ...
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...