Profile
Sector:
Consumer CyclicalIndustry:
Auto & Truck DealershipsCountry:
United StatesIPO:
24 March 2021Website:
http://www.acvauto.comNext earnings report:
07 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:03:37 GMTDividend
Analysts recommendations
Institutional Ownership
ACVA Latest News
Here is how ACV Auctions Inc. (ACVA) and Abercrombie & Fitch (ANF) have performed compared to their sector so far this year.
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) 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.
Instead of just focusing on Wall Street's profit and revenue predictions for ACV Auctions (ACVA), it's important to examine some of the company's important metrics to better understand its potential performance in the first quarter of 2024.
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.
Industry trends like improving dealer volumes are giving ACV a tailwind. The company expects to turn an adjusted profit this year.
The headline numbers for ACV Auctions Inc. (ACVA) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
ACV Auctions Inc. (ACVA) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.16 per share a year ago.
Evaluate the expected performance of ACV Auctions Inc. (ACVA) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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What type of business is ACV Auctions?
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; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green's seller assurance service for against claims related to defects in the vehicle. It also provides remarketing centers, which offers value-added services, such as vehicle reconditioning and storage for dealers and commercial partners. In addition, the company offers data services, including True360 report, which provides cosmetic and structural vehicle assessments integrated into vehicle history reports for dealer to make wholesale and retail transaction decisions on and off the marketplace; ACV market report provides transaction data and condition reports for comparable used vehicles, including pricing data from third-party sources and allows dealers to determine pricing and valuation strategies for used vehicles; and ACV MAX inventory management software enables dealers to manage their inventory and set pricing while turning vehicles. Further, it provides data and technology through inspection, such as condition reports, virtual lift solutions, apex device, and vehicle intelligence platform; and marketplace enablement, comprising MyACV application, private marketplaces, operations automation, live appraisals, and programmatic buying service. ACV Auctions Inc. was incorporated in 2014 and is headquartered in Buffalo, New York.
What sector is ACV Auctions in?
ACV Auctions is in the Consumer Cyclical sector
What industry is ACV Auctions in?
ACV Auctions is in the Auto & Truck Dealerships industry
What country is ACV Auctions from?
ACV Auctions is headquartered in United States
When did ACV Auctions go public?
ACV Auctions initial public offering (IPO) was on 24 March 2021
What is ACV Auctions website?
https://www.acvauto.com
Is ACV Auctions in the S&P 500?
No, ACV Auctions is not included in the S&P 500 index
Is ACV Auctions in the NASDAQ 100?
No, ACV Auctions is not included in the NASDAQ 100 index
Is ACV Auctions in the Dow Jones?
No, ACV Auctions is not included in the Dow Jones index
When was ACV Auctions the previous earnings report?
No data
When does ACV Auctions earnings report?
The next expected earnings date for ACV Auctions is 07 November 2024