Profile
Sector:
Consumer CyclicalIndustry:
Auto & Truck DealershipsCountry:
United StatesIPO:
24 March 2021Website:
http://www.acvauctions.comNext earnings report:
07 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:20:00 GMTDividend
Analysts recommendations
Institutional Ownership
ACVA Latest News
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.
The stock market in 2024 is off to a promising start, especially for growth stocks with millionaire potential that have reached a larger scale. However, it's still difficult to predict where things may end up in the coming months.
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 Company will report fourth quarter 2023 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, February 21, 2024.
Here is how ACV Auctions Inc. (ACVA) and American Eagle Outfitters (AEO) have performed compared to their sector so far this year.
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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. It also provides data services that offer insights into the condition and value of used vehicles, as well as offers customer financing services. 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.acvauctions.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 does ACV Auctions report earnings?
The next expected earnings date for ACV Auctions is 07 August 2024