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.

Open

20.45

Mkt cap

3.4B

Volume

2.9M

High

21.22

P/E Ratio

-41.08

52-wk high

21.22

Low

19.31

Div yield

N/A

52-wk low

12.84

ACV Auctions Inc. (ACVA) reported Q3 earnings of $0.04 per share, surpassing the Zacks Consensus Estimate of $0.02 per share, and improving from a loss of $0.02 per share a year ago.

Portfolio Pulse from

November 08, 2024 | 1:15 am

Analysts have mixed ratings for ACV Auctions (NASDAQ:ACVA), with recent evaluations showing a bullish trend. The average 12-month price target has increased to $23.2, reflecting a 5.45% rise. Despite positive revenue growth, ACV Auctions faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:01 pm

Jefferies analyst John Colantuoni has maintained a Buy rating on ACV Auctions and raised the price target from $22 to $25.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:27 pm

JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on ACV Auctions and raised the price target from $21 to $24.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 4:05 pm

ACV Auctions (NASDAQ:ACVA) received mixed analyst ratings, with 4 analysts somewhat bullish. The average 12-month price target remains $22.0. ACV Auctions shows strong revenue growth but faces profitability challenges.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 3:00 pm

JMP Securities analyst Nicholas Jones has reiterated a Market Outperform rating for ACV Auctions (NASDAQ:ACVA) and maintained a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:13 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 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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.