ACVA Stock Recent News

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.

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.

I continue to recommend a buy for ACV, As I believe it can achieve its FY26 targets. ACV has shown strong performance with gains in market share and revenue growth, despite a contraction in the industry. The company is expected to benefit from macro tailwinds, such as improved vehicle sales and increased demand for used cars.

Here is how ACV Auctions Inc. (ACVA) and American Eagle Outfitters (AEO) have performed compared to their sector so far this year.

The consensus price target hints at a 31.7% upside potential for ACV Auctions Inc. (ACVA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

ACV Auctions Inc. (NASDAQ:ACVA ) Q3 2023 Earnings Conference Call November 6, 2023 5:00 PM ET Company Participants Tim Fox - Vice President, Investor Relations George Chamoun - Chief Executive Officer William Zerella - Chief Financial Officer Conference Call Participants Chris Pierce - Needham & Company Eric Sheridan - Goldman Sachs Nicholas Jones - JMP Securities Ronald Josey - Citi John Colantuoni - Jefferies Bob Labick - CJS Securities Michael Graham - Canaccord Rajat Gupta - JPMorgan Chase Daniel Imbro - Stephens Inc. Operator Good day and thank you for standing by. Welcome to the ACV Auctions Third Quarter 2023 Earnings Call.

While the top- and bottom-line numbers for ACV Auctions Inc. (ACVA) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The mean of analysts' price targets for ACV Auctions Inc. (ACVA) points to a 39.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

OSCR, IMGN, AFRM, ACVA and SOLO have been added to the Zacks Rank #1 (Strong Buy) List on October 20, 2023.