ACVA Stock Recent News
ACVA LATEST HEADLINES
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.
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.