B. Riley Securities initiated coverage on ACV Auctions with a new price target
$ACVA
Business Services
Consumer Discretionary
B. Riley Securities initiated coverage of ACV Auctions with a rating of Buy and set a new price target of $23.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/27/2024 | $22.00 | Mkt Perform | Raymond James |
| 6/10/2024 | $21.00 | Neutral → Overweight | JP Morgan |
| 1/10/2024 | $22.00 | Neutral → Buy | Northcoast |
| 7/20/2023 | $23.00 | Buy | B. Riley Securities |
| 7/13/2023 | $17.00 | Overweight → Neutral | JP Morgan |
| 2/16/2023 | $11.00 | Overweight → Neutral | Piper Sandler |
| 6/30/2022 | Mkt Outperform | JMP Securities | |
| 6/10/2022 | $18.00 | Outperform | Barrington Research |
Revenue and Adjusted EBITDA Exceed High-End of GuidanceRaises 2024 Guidance Third quarter revenue of $171 millionThird quarter GAAP net income (loss) of ($16) millionThird quarter non-GAAP net income of $8 millionThird quarter Adjusted EBITDA of $11 million Expects 2024 revenue of $630 million to $634 million, growth of 31% to 32% YoY, GAAP net income (loss) of ($81) million to ($79) million and Adjusted EBITDA of $25 million to $27 million BUFFALO, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its third quarter ended September 30, 2024. "W
BUFFALO, N.Y., Oct. 23, 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 third quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Thursday, November 7, 2024. Investors and analysts interested in participating in the call are invited to dial 800-343-5172 (international callers please dial 1-785-424-1699) approximately 10 minutes prior to the start of the call. When prompted, please reference conference ID: ACV3Q24. A live webcast of the call will be available on the Company's investor relations website a
Second quarter revenue of $161 millionSecond quarter GAAP net income (loss) of ($17) millionSecond quarter non-GAAP net income of $3 millionSecond quarter Adjusted EBITDA of $7 million Expects 2024 revenue of $615 million to $625 million, growth of 28% to 30% YoY, GAAP net income (loss) of ($85) million to ($80) million and Adjusted EBITDA of $21 million to $25 million BUFFALO, N.Y., Aug. 07, 2024 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its second quarter ended June 30, 2024. "We are very pleased with our second quarter results, delivering revenue above the hig
BUFFALO, N.Y., Nov. 18, 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 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference on Monday, November 25, 2024 at 11:00 am ET. A webcast of this event will be available on the Company's investor relations website at https://investors.acvauto.com/. An archived replay will be available following the live presentation. About ACVACV is on a mission to transform the automotive industry by building the most trusted and efficient digital marketplace and data solutions for
Revenue and Adjusted EBITDA Exceed High-End of GuidanceRaises 2024 Guidance Third quarter revenue of $171 millionThird quarter GAAP net income (loss) of ($16) millionThird quarter non-GAAP net income of $8 millionThird quarter Adjusted EBITDA of $11 million Expects 2024 revenue of $630 million to $634 million, growth of 31% to 32% YoY, GAAP net income (loss) of ($81) million to ($79) million and Adjusted EBITDA of $25 million to $27 million BUFFALO, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its third quarter ended September 30, 2024. "W
BUFFALO, N.Y., Oct. 23, 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 third quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Thursday, November 7, 2024. Investors and analysts interested in participating in the call are invited to dial 800-343-5172 (international callers please dial 1-785-424-1699) approximately 10 minutes prior to the start of the call. When prompted, please reference conference ID: ACV3Q24. A live webcast of the call will be available on the Company's investor relations website a
144 - ACV Auctions Inc. (0001637873) (Subject)
10-Q - ACV Auctions Inc. (0001637873) (Filer)
8-K - ACV Auctions Inc. (0001637873) (Filer)
SC 13G/A - ACV Auctions Inc. (0001637873) (Subject)
SC 13G/A - ACV Auctions Inc. (0001637873) (Subject)
SC 13G - ACV Auctions Inc. (0001637873) (Subject)
Raymond James resumed coverage of ACV Auctions with a rating of Mkt Perform and set a new price target of $22.00
JP Morgan upgraded ACV Auctions from Neutral to Overweight and set a new price target of $21.00
Northcoast upgraded ACV Auctions from Neutral to Buy and set a new price target of $22.00
4 - ACV Auctions Inc. (0001637873) (Issuer)
4 - ACV Auctions Inc. (0001637873) (Issuer)
4 - ACV Auctions Inc. (0001637873) (Issuer)
ACV Auctions (NASDAQ:ACVA) has been analyzed by 13 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 8 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 2 2 0 0 0 3M Ago 2 4 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $21.38, along with a high estimate of $23.00 and a low estimate of $16.00. This current average
JMP Securities analyst Nicholas Jones reiterates ACV Auctions (NASDAQ:ACVA) with a Market Outperform and maintains $21 price target.
BUFFALO, N.Y., March 25, 2022 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, is celebrating a milestone in company growth, surpassing 2,000 teammates across its North American footprint. This includes acquisitions in the past year of MAX Digital, Drivably and Monk SAS, expanding the number of pioneering tools and technology available to ACV's customers, and adding high-end technical talent to the ACV team. As part of the company's growth, ACV also announces Leanne Fitzgerald as Chief Legal Officer, the newest member of ACV's senior leadership team. Responsible for managing all of ACV's legal,
BUFFALO, N.Y., Sept. 9, 2021 /PRNewswire/ -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, today announced the new executive appointment of Chief Technology Officer Bahman Koohestani, who will lead the technology and product team to further innovate and transform the used car industry. Koohestani is a seasoned executive who brings over 25 years of leadership experience in technology, data analytics, product and operating strategies. His previous experience includes CTO roles at Lending Club, Thomson Reuters and NexTag.