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.

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

ACV Announces Second Quarter 2023 Results

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 Company will report second quarter 2023 financial results after market close and host a conference call at 5:00 p.m. ET on Monday, August 7, 2023.

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

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Has ACV Auctions (ACVA) Outpaced Other Retail-Wholesale Stocks This Year?

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

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

Fintel reports that on June 5, 2023, Goldman Sachs maintained coverage of ACV Auctions Inc – (NASDAQ:ACVA) with a Buy recommendation.

Goldman Sachs Maintains ACV Auctions Buy Recommendation

ACV Auctions Inc. (NASDAQ:ACVA ) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Tim Fox - Vice President-Investor Relations George Chamoun - Chief Executive Officer Bill Zerella - Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens John Colantuoni - Jefferies Rajat Gupta - JPMorgan Chris Pierce - Needham & Company Bob Labick - CJS Securities Eric Sheridan - Goldman Sachs Ron Josey - Citi Michael Graham - Canaccord Nick Jones - JMP Securities Nat Schindler - Bank of America Operator Good day, and thank you for standing by. Welcome to the ACV First Quarter 2023 Earnings Conference Call.

ACV Auctions Inc. (ACVA) Q1 2023 Earnings Call Transcript

Investors piled into the stock in the wake of the latest earnings release. The next-generation auto auctioneer beat convincingly on both the top and bottom lines.

Why ACV Auctions Stock Trounced the Market Today

ACV Auctions Inc. (ACVA) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.19 per share a year ago.

ACV Auctions Inc. (ACVA) Reports Q1 Loss, Tops Revenue Estimates

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

ACV Announces First Quarter 2023 Results

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 will report first quarter 2023 financial results following the close of market on Wednesday, May 10, 2023. On that day, management will host a conference call and live webcast to discuss financial results at 5:00 p.m. ET.

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

ACV Auctions Inc. went public in March 2021 in an IPO that priced at $25.00 per share. The firm provides a variety of auction software and related services to the used car dealership market in the U.S.

ACV Auctions Keeps Focus On Market Share Growth In 2023

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 capabilities 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 capabilities

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

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 off-lease for dealerships and commercial partners

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

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Investors breathed a sigh of relief following the company's latest earnings release.

Why ACV Auctions Stock Blasted Higher This Week

Shares of the online car auctioneer gained on strong guidance in its earnings report.

Why ACV Auctions Stock Surged Today

ACV Auctions, Inc. (NASDAQ:ACVA ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Timothy Fox - VP, IR George Chamoun - CEO & Director William Zerella - CFO Conference Call Participants Christopher Pierce - Needham & Company Robert Labick - CJS Securities Michael Graham - Canaccord Genuity Vincent Kardos - Jefferies Nicholas Jones - JMP Securities Gary Prestopino - Barrington Research Associates Daniel Imbro - Stephens Inc. Ronald Josey - Citigroup Rajat Gupta - JPMorgan Chase & Co. Operator Good day, and thank you for standing by. Welcome to the ACVA Fourth Quarter 2022 Earnings Call.

ACV Auctions, Inc. (ACVA) Q4 2022 Earnings Call Transcript

ACV Auctions Inc. (ACVA) delivered earnings and revenue surprises of -45.45% and 1.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

ACV Auctions Inc. (ACVA) Reports Q4 Loss, Lags Revenue Estimates

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 members of its management team will present at the 2023 JMP Securities Technology Conference on March 7, 2023 at 1:30 PM ET. ACV also announced that it will host an analyst day on Thursday, June 1, 2023 in New York City.

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

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

ACV Announces Fourth Quarter and Full-Year 2022 Results

ACV Auctions Inc. (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) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

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 NADA workshop and a new robust speaking series in the ACV booth (#3141)

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

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 will report fourth quarter and full year 2022 financial results following the close of market on Wednesday, February 22, 2023. On that day, management will host a conference call and live webcast to discuss financial results at 5:00 p.m. ET.

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