ACV Auctions

ACV Auctions, Inc. engages in the development of a pricing application for franchise dealers. It offers ACV, a mobile auction platform that enables wholesale dealers to sell trade-ins by creating app based auctions. The firm's ACV also operates as a closing tool that enables wholesale buyers to bid for vehicles. The company was founded by Joseph Neiman, Daniel Magnuszewsk, and Jack Greco in December 2014 and is headquartered in Buffalo, NY.

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ACV Auctions reports solid Q4 earnings, eyes growth and tech

ACV Auctions reported solid financial performance for Q4 2022 and full-year 2022, with revenue and GMV growth despite challenges in conversion rates. The company's strategic focus on growth, innovation, and scale positions them well for future opportunities.
While facing challenges in conversion rates and market trends, ACV is actively addressing these issues and aiming to achieve financial targets by 2026. Leveraging technology and customer relationships are key strengths for ACV's growth.
Opportunities lie in expanding dealer penetration, leveraging new technologies, and providing detailed updates on financial targets to investors. ACV's commitment to financial discipline and operational efficiency will be crucial for future success.

ACV Auctions reports record Q1 revenue and growth opportunities ahead

ACV Auctions delivered a strong Q1 performance with record revenue, market share growth, and operational achievements. The company's focus on innovation, cost management, and strategic planning positions it for sustainable growth and long-term profitability.
While facing challenges in managing EBITDA losses and industry dynamics, ACV Auctions is well-positioned to leverage opportunities for revenue growth and market differentiation. Continued emphasis on technology adaptability and customer value will be key to navigating market challenges.
With a resilient business model and strategic initiatives in place, ACV Auctions aims to achieve EBITDA breakeven by year-end and sustain revenue margin growth. The company's commitment to dealer acquisition, market share expansion, and operational excellence underpins its growth trajectory.

ACV Auctions excels in Q2, eyes long-term growth and innovation

ACV Auctions delivered a strong performance in Q2 2023, exceeding revenue and adjusted EBITDA expectations, showcasing growth and operational excellence.
The company's strategic focus on innovation, technology, and scale positions it well for long-term success, despite short-term financial challenges.
Optimism about market conditions, ongoing investments in technology, and upcoming enhancements signal a promising outlook for ACV Auctions' future growth and competitiveness.

ACV Auctions beats Q3 targets, eyes $1.3B revenue in 2026

ACV Auctions delivered strong Q3 results, exceeding revenue and EBITDA guidance. The company is focused on growth, innovation, and efficiency to drive profitability. Facing challenges with dealer inventory and fee increases, ACV sees opportunities in consumer car sourcing and technology investments.

ACV Auctions reports robust Q4 earnings, eyes profitability in 2024

ACV Auctions delivered strong financial performance in Q4 2023, with revenue meeting guidance and impressive YoY growth. The company's focus on tech innovations and diversified growth pillars positions it well for future success.
While facing challenges in the commercial segment and dealer wholesale market, ACV's strategic investments and commitment to profitability in 2024 present opportunities for sustained growth and market expansion.
Overall, ACV Auctions remains well-positioned to capitalize on market trends, drive operational efficiency through technology, and achieve long-term value creation for shareholders, signaling a positive trajectory for the company.

ACV Auctions posts record revenue in Q1 2024 earnings call

ACV Auctions reported strong financial performance in Q1 2024 with record revenue and positive EBITDA.
The company's focus on growth, innovation, and scale positions it well for mid-term targets and market expansion.
Despite challenges in GMV and market penetration, ACV's strengths in technology and customer loyalty offer competitive advantages.
Opportunities lie in capitalizing on market improvements, strategic acquisitions, and revenue mix expansion for sustained growth.

ACV Auctions reports record Q2 revenue and raises full-year guidance

ACV Auctions demonstrated robust performance in Q2, marked by record revenue, operational efficiency, and strategic growth initiatives amidst market challenges.
The company's strengths lie in its resilient consumer sourcing solution, positive market trends, and strong financial foundation, positioning it for future success.
While challenges persist, ACV Auctions is well-positioned to leverage opportunities for growth, profitability, and innovation in the evolving automotive landscape.

ACV Auctions (ACVA) reports record Q3 revenue, eyes growth opportunities

ACV Auctions delivered a robust performance in Q3 2024, surpassing revenue and EBITDA expectations.
Operational achievements in delivery services and financing, coupled with strategic focus on growth, position the company well.
While challenges like GMV per unit decline exist, ACV Auctions is poised to capitalize on opportunities for expansion and innovation.

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ACV Auctions, Inc. provides a vibrant digital marketplace for wholesale vehicle transactions and data services, which offers transparent and accurate vehicle information to its customers. The company’s platform leverages data insights and technology to power its digital marketplace and data services, enabling its dealers and commercial partners to buy, sell and value vehicles. Its platform includes Digital Marketplace, Remarketing Centers, Data Services and Data and Technology. Digital Marketplace connects buyers and sellers of wholesale vehicles in an intuitive and efficient manner. Remarketing Centers provides an additional channel to provide dealers and commercial partners with auction services. Data Services offers insights into the condition and value of used vehicles for transactions both on and off its marketplace and helps dealers, their end consumers, and commercial partners make more informed decisions to transact with confidence and efficiency. Data and Technology underpins everything it does, and powers its vehicle inspections, comprehensive vehicle intelligence reports, digital marketplace and operations automation platform. The company was founded by Joseph Neiman, Daniel Magnuszewsk, and Jack Greco in December 2014 and is headquartered in Buffalo, NY.

BUFFALO, N.Y., Nov. 18, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference on Monday, November 25, 2024 at 11:00 am ET.

ACV to Participate in the 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference

Though nowhere near as well known as Carvana stock, which has rallied back to 2021 heights, ACV Auctions is beating its larger rival in its own niche. The post Carvana Stock Rival ACV Auctions Is 'Coiled Spring' Under The Hood Of Used Car Business appeared first on Investor's Business Daily.

Carvana Stock Rival ACV Auctions Is 'Coiled Spring' Under The Hood Of Used Car Business

ACV Auctions Inc. (NASDAQ:ACVA ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Tim Fox - Vice President of Investor Relations George Chamoun - Chief Executive Officer William Zerella - Chief Financial Officer Conference Call Participants Chris Pierce - Needham Nick Jones - Citizens JMP Bob Labick - CJS Securities Rajat Gupta - JPMorgan Michael Graham - Canaccord Naved Khan - B. Riley Securities Steven McDermott - Bank of America John Healy - Northcoast Research Glenn Shell - Raymond James John Colantuoni - Jefferies Operator Good day, everyone, and welcome to today's ACV Third Quarter 2024 Earnings Conference Call.

ACV Auctions Inc. (ACVA) Q3 2024 Earnings Call Transcript

ACV Auctions Inc. (ACVA) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.02 per share a year ago.

ACV Auctions Inc. (ACVA) Q3 Earnings and Revenues Surpass Estimates

BUFFALO, N.Y., Oct. 23, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that the Company will report third quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Thursday, November 7, 2024.

ACV to Report Third Quarter 2024 Financial Results on November 7, 2024

Here is how ACV Auctions Inc. (ACVA) and Build-A-Bear (BBW) have performed compared to their sector so far this year.

Are Retail-Wholesale Stocks Lagging ACV Auctions (ACVA) This Year?

BUFFALO, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial clients, will showcase how ACV MAX and ClearCar solutions can help them more effectively acquire consumer inventory at the 2024 Digital Dealer Conference and Expo.

ACV Showcases Consumer Vehicle Acquisition Solutions at Digital Dealer Conference & Expo

Here is how ACV Auctions Inc. (ACVA) and Abercrombie & Fitch (ANF) have performed compared to their sector so far this year.

Is ACV Auctions (ACVA) Stock Outpacing Its Retail-Wholesale Peers This Year?

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ACV Auctions Inc. (NASDAQ:ACVA ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Tim Fox - Vice President of Investor Relations George Chamoun - Chief Executive Officer William Zerella - Chief Financial Officer Conference Call Participants Michael Graham - Canaccord Genuity Group Inc. Peter Lukas - CJS Securities Rajat Gupta - JPMorgan Chase & Co. Naved Khan - B. Riley Securities, Inc. Chris Pierce - Needham & Company, LLC Steven McDermott - Bank of America Operator Ladies and gentlemen, greetings and welcome to the ACV Q2 2024 Earnings Conference Call.

ACV Auctions Inc. (ACVA) Q2 2024 Earnings Call Transcript

The headline numbers for ACV Auctions (ACVA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

ACV Auctions (ACVA) Reports Q2 Earnings: What Key Metrics Have to Say

ACV Auctions Inc. (ACVA) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.01 per share a year ago.

ACV Auctions Inc. (ACVA) Meets Q2 Earnings Estimates

BUFFALO, N.Y., Aug. 07, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the following upcoming investor conferences:

ACV Announces Participation in Upcoming Investor Conferences

Besides Wall Street's top -and-bottom-line estimates for ACV Auctions (ACVA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

Curious about ACV Auctions (ACVA) Q2 Performance? Explore Wall Street Estimates for Key Metrics

ACV Auctions (ACVA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ACV Auctions Inc. (ACVA) Reports Next Week: Wall Street Expects Earnings Growth

BUFFALO, N.Y., July 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 Company will report second quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, August 7, 2024.

ACV to Report Second Quarter 2024 Financial Results on August 7, 2024

ACV Auctions Inc. (NASDAQ:ACVA ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 AM ET Company Participants George Chamoun - Chief Executive Officer Bill Zerella - Chief Financial Officer Tim Fox - Vice President, Investor Relations Conference Call Participants Bob Labick - CJS Securities Michael Graham - Canaccord Genuity Jamesmichael Sherman-Lewis - Citigroup Rajat Gupta - JP Morgan Nick Jones - Citizens GMP Gary Prestopino - Barrington Research Operator Greetings! And welcome to the ACV Q1 2024 Earnings Conference Call.

ACV Auctions Inc. (ACVA) Q1 2024 Earnings Call Transcript

BUFFALO, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the following upcoming investor conferences:

ACV to Participate in Upcoming Investor Conferences

While the top- and bottom-line numbers for ACV Auctions (ACVA) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

ACV Auctions (ACVA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

ACV Auctions Inc. (ACVA) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to loss of $0.03 per share a year ago.

ACV Auctions Inc. (ACVA) Reports Break-Even Earnings for Q1

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ACV Auctions (ACVA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Countdown to ACV Auctions (ACVA) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

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 solution for rapid vehicle delivery for their full inventory.

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

ACV Auctions Inc. (ACVA) Q4 2023 Earnings Call Transcript

ACV Auctions' actual EBITDA loss for the recent quarter was narrower than both its management guidance and the consensus estimate. ACVA expects its top line to expand by +28.5% to $617.5 million in 2024, which is +7% better than the sell side's consensus forecast. I change my rating for ACVA from a Hold to a Buy, after assessing its recent quarterly performance and its financial prospects.

News for ACV Auctions Stock (ACVA)