ACV Auctions Q4 2023 GAAP EPS $(0.14) Beats $(0.15) Estimate, Sales $118.38M Beat $118.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACV Auctions (NASDAQ:ACVA) reported Q4 2023 earnings with a GAAP EPS of $(0.14), surpassing the $(0.15) estimate. Sales reached $118.38M, slightly above the $118.26M estimate, marking a 20.83% increase from the previous year.
February 21, 2024 | 9:13 pm
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ACV Auctions reported better than expected Q4 2023 earnings, with a slight beat on both EPS and sales estimates, showing significant year-over-year growth.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. The year-over-year sales growth of 20.83% further underscores the company's strong performance and may attract more investors.
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