ACV Auctions
ACVA

$17.62

0.86%

Market Cap: 2.91B

About: ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.

Employees: 2,170

Industrials Business Services

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 13 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

971% more call options, than puts

Call options by funds: $10.7M | Put options by funds: $1M

35% more capital invested

Capital invested by funds: $2.01B [Q4 2023] → $2.71B (+$708M) [Q1 2024]

33% more funds holding in top 10

Funds holding in top 10: 9 [Q4 2023] → 12 (+3) [Q1 2024]

5.33% more ownership

Funds ownership: 97.26% [Q4 2023] → 102.59% (+5.33%) [Q1 2024]

1% less repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 68

5% less funds holding

Funds holding: 198 [Q4 2023] → 188 (-10) [Q1 2024]

31% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 32

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$16

9%

downside

Avg. target

$21

21%

upside

High target

$23

31%

upside

13 analyst ratings

12 positive

92%

1 neutral

8%

0 negative

0%

JMP Securities Nicholas Jones	19%upside $21	Market Outperform Reiterated	10 Jul 2024
JP Morgan Rajat Gupta	19%upside $21	Overweight Upgraded	10 Jun 2024
JMP Securities Nicholas Jones	19%upside $21	Market Outperform Maintained	7 Jun 2024
Needham Chris Pierce	31%upside $23	Buy Reiterated	3 Jun 2024
Needham Chris Pierce	31%upside $23	Buy Reiterated	16 May 2024

See Analyst Rankings

Financial journalist opinion

ACV to Report Second Quarter 2024 Financial Results on August 7, 2024

BUFFALO, N.Y., July 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 second quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, August 7, 2024.

ACV to Report Second Quarter 2024 Financial Results on August 7, 2024

ACV Auctions Inc. (ACVA) Q1 2024 Earnings Call Transcript

ACV Auctions Inc. (NASDAQ:ACVA ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 AM ET Company Participants George Chamoun - Chief Executive Officer Bill Zerella - Chief Financial Officer Tim Fox - Vice President, Investor Relations Conference Call Participants Bob Labick - CJS Securities Michael Graham - Canaccord Genuity Jamesmichael Sherman-Lewis - Citigroup Rajat Gupta - JP Morgan Nick Jones - Citizens GMP Gary Prestopino - Barrington Research Operator Greetings! And welcome to the ACV Q1 2024 Earnings Conference Call.

ACV Auctions Inc. (ACVA) Q1 2024 Earnings Call Transcript

ACV to Participate in Upcoming Investor Conferences

BUFFALO, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the following upcoming investor conferences:

ACV to Participate in Upcoming Investor Conferences

Zacks Investment Research

ACV Auctions (ACVA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for ACV Auctions (ACVA) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

ACV Auctions (ACVA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

ACV Auctions Inc. (ACVA) Reports Break-Even Earnings for Q1

ACV Auctions Inc. (ACVA) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to loss of $0.03 per share a year ago.

ACV Auctions Inc. (ACVA) Reports Break-Even Earnings for Q1

Zacks Investment Research

Countdown to ACV Auctions (ACVA) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ACV Auctions (ACVA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Countdown to ACV Auctions (ACVA) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

ACV Transportation Expands Services to Vehicles Purchased Outside of the ACV Platform

Dealers nationwide can now utilize ACV's seamless and transparent solution for rapid vehicle delivery for their full inventory. Dealers nationwide can now utilize ACV's seamless and transparent solution for rapid vehicle delivery for their full inventory.

ACV Transportation Expands Services to Vehicles Purchased Outside of the ACV Platform

ACV Auctions Inc. (ACVA) Q4 2023 Earnings Call Transcript

ACV Auctions Inc. (ACVA) Q4 2023 Earnings Call Transcript

ACV Auctions Inc. (ACVA) Q4 2023 Earnings Call Transcript

ACV Auctions: Positive On EBITDA Beat And Above-Expectations Revenue Guidance (Rating Upgrade)

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.

ACV Auctions: Positive On EBITDA Beat And Above-Expectations Revenue Guidance (Rating Upgrade)

The Motley Fool

Why ACV Auctions Stock Popped Today

Industry trends like improving dealer volumes are giving ACV a tailwind. The company expects to turn an adjusted profit this year.

Why ACV Auctions Stock Popped Today

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