Streetbeat News

ACVA

ACV Auctions Inc.

https://www.acvauctions.com

Industry

Auto - Dealerships

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.

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Barrington Research analyst Gary Prestopino maintains an Outperform rating on ACV Auctions (NASDAQ:ACVA) with a $23 price target.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:04 pm

ACV Auctions shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:46 pm

ACV Auctions has provided its guidance for Q3 2024 and the full year 2024. The company expects Q3 revenue between $158 million and $162 million, and full-year revenue between $615 million and $625 million. This represents a significant year-over-year increase. Despite expected GAAP net losses, the company anticipates positive non-GAAP net income and adjusted EBITDA for both periods.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:30 am

ACV Auctions (NASDAQ:ACVA) reported Q2 2024 GAAP EPS of $(0.10), beating the $(0.11) estimate. Sales were $160.624M, surpassing the $156.237M estimate and marking a 29.31% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:48 pm

In the last three months, 11 analysts have published ratings on ACV Auctions (NASDAQ:ACVA), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has risen to $21.55. ACV Auctions has shown positive revenue growth but faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 8:01 pm

Barrington Research analyst Gary Prestopino maintains an Outperform rating on ACV Auctions (NASDAQ:ACVA) with a $23 price target.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:22 pm

Shares of companies within the broader industrial sector are trading higher following positive Core Retail Sales and Retail Sales economic data. Additionally, trader optimism about potential Fed rate cuts is contributing to the sector's strength.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:14 pm

Jefferies analyst John Colantuoni maintains a Buy rating on ACV Auctions (NASDAQ:ACVA) and raises the price target from $20 to $22.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:32 pm

JP Morgan analyst Rajat Gupta has upgraded ACV Auctions (NASDAQ:ACVA) from Neutral to Overweight and set a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:08 pm

JMP Securities analyst Nicholas Jones maintains a Market Outperform rating on ACV Auctions (NASDAQ:ACVA) and raises the price target from $20 to $21.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:44 pm

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