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 transparent and accurate vehicle information to customers. ACV Auctions, Inc. was incorporated in 2014 and is based in Buffalo, New York.
IPO Year: 2021
Exchange: NASDAQ
Website: acvauctions.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $20.50 | Equal-Weight | Stephens |
| 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 |
| 4/20/2022 | $20.00 | Buy | Citigroup |
Fourth quarter revenue of $160 million and full-year revenue of $637 millionFourth quarter GAAP net income (loss) of ($26) million and full-year GAAP net income (loss) of ($80) millionFourth quarter non-GAAP net income (loss) of ($1) million and full-year non-GAAP net income of $11 millionFourth quarter Adjusted EBITDA of $6 million and full-year Adjusted EBITDA of $28 millionExpects 2025 revenue of $765 million to $785 million, growth of 20% to 23% YoY, GAAP net income (loss) of ($62) million to ($52) million and Adjusted EBITDA of $65 million to $75 million, growth of approximately 150% YoY at the midpoint of guidance BUFFALO, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA),
BUFFALO, N.Y., Jan. 22, 2025 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, announced today that the Company will report fourth quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, February 19, 2025. Investors and analysts interested in participating in the call are invited to dial 877-704-4453 (international callers please dial 1-201-389-0920) approximately 10 minutes prior to the start of the call. 2025 Analyst Day ACV will host an analyst meeting on March 11, 2025. The event location is Convene at 530 Fifth Avenue in midtown Manhattan
BUFFALO, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, will arrive at the 2025 National Automobile Dealers Association (NADA) Show in New Orleans poised to reshape inventory acquisition, management, appraisals, and dealership operations to help attendees boost efficiency and profitability. ACV's data, fueled by millions of used vehicle inspections and transactions from its dynamic digital marketplace, is transforming the way dealers do business—expanding its solutions beyond wholesale operations. From leveraging the service drive for consumer vehicle acquisition t
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
BUFFALO, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial clients, will showcase how ACV MAX and ClearCar solutions can help them more effectively acquire consumer inventory at the 2024 Digital Dealer Conference and Expo. ACV will be sponsoring the Dealer Speed Networking Lounge and ACV teammates will be present to demonstrate how ACV's integrated solutions can streamline the consumer vehicle acquisition process with precise, condition-enhanced valuations. ACV MAX is a leading enterprise solution offering a powerful suite of appraisal, merchandising, and pricing tools designed to opti
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, announced today that members of its management team will present at the following upcoming investor conferences: Canaccord Genuity 44th Annual Growth Conference on Tuesday, August 13, 2024 at 4:00 p.m. ETCiti 2024 Global TMT Conference on Wednesday, September 4, 2024 at 4:40 p.m. ETGoldman Sachs Communacopia + Technology Conference on Tuesday, September 10, 2024 at 3:45 p.m. PT Webcasts of these events will be available on the Company's investor relations website at https://investors.acvauto.com/. An archived replay of
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., 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. Investors and analysts interested in participating in the call are invited to dial 877-704-4453 (international callers please dial 1-201-389-0920) approximately 10 minutes prior to the start of the call. A live webcast of the call will be available on the Company's investor relations website at https://investors.acvauto.com/, and an archived repla
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.
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Stephens initiated coverage of ACV Auctions with a rating of Equal-Weight and set a new price target of $20.50
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
B. Riley Securities initiated coverage of ACV Auctions with a rating of Buy and set a new price target of $23.00
JP Morgan downgraded ACV Auctions from Overweight to Neutral and set a new price target of $17.00
Piper Sandler downgraded ACV Auctions from Overweight to Neutral and set a new price target of $11.00
JMP Securities resumed coverage of ACV Auctions with a rating of Mkt Outperform
Barrington Research initiated coverage of ACV Auctions with a rating of Outperform and set a new price target of $18.00
Citigroup resumed coverage of ACV Auctions with a rating of Buy and set a new price target of $20.00
Fourth quarter revenue of $160 million and full-year revenue of $637 millionFourth quarter GAAP net income (loss) of ($26) million and full-year GAAP net income (loss) of ($80) millionFourth quarter non-GAAP net income (loss) of ($1) million and full-year non-GAAP net income of $11 millionFourth quarter Adjusted EBITDA of $6 million and full-year Adjusted EBITDA of $28 millionExpects 2025 revenue of $765 million to $785 million, growth of 20% to 23% YoY, GAAP net income (loss) of ($62) million to ($52) million and Adjusted EBITDA of $65 million to $75 million, growth of approximately 150% YoY at the midpoint of guidance BUFFALO, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA),
BUFFALO, N.Y., Jan. 22, 2025 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, announced today that the Company will report fourth quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, February 19, 2025. Investors and analysts interested in participating in the call are invited to dial 877-704-4453 (international callers please dial 1-201-389-0920) approximately 10 minutes prior to the start of the call. 2025 Analyst Day ACV will host an analyst meeting on March 11, 2025. The event location is Convene at 530 Fifth Avenue in midtown Manhattan
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., 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. Investors and analysts interested in participating in the call are invited to dial 877-704-4453 (international callers please dial 1-201-389-0920) approximately 10 minutes prior to the start of the call. A live webcast of the call will be available on the Company's investor relations website at https://investors.acvauto.com/, and an archived repla
Delivered 22% Revenue GrowthRevenue and Adjusted EBITDA at the High-End of Guidance First quarter revenue of $146 millionFirst quarter GAAP net income (loss) of ($20) millionFirst quarter non-GAAP net income of $1 millionFirst quarter Adjusted EBITDA of $4 millionExpects 2024 revenue of $610 million to $625 million, growth of 27% to 30% YoY, net income (loss) of ($85) million to ($80) million and Adjusted EBITDA of $20 million to $25 million BUFFALO, N.Y., May 08, 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 first quarter ended March 31, 2024.
BUFFALO, N.Y., April 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 first quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, May 8, 2024. Investors and analysts interested in participating in the call are invited to dial 877-704-4453 (international callers please dial 1-201-389-0920) approximately 10 minutes prior to the start of the call. A live webcast of the call will be available on the Company's investor relations website at https://investors.acvauto.com/, and an archived replay wi
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. To access the live conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call will be available on the Company's investor relations website at https://investors.acvauto.com/, and an archived replay will be available following the live event. About ACVACV is on
Delivers Strong Revenue with Adjusted EBITDA Ahead of GuidanceRaises 2023 Guidance Third quarter revenue of $119 million, up 13% year over yearThird quarter GAAP net income (loss) of ($18) millionThird quarter Adjusted EBITDA of ($4) million Updating 2023 guidance: Revenue of $479 million to $483 million, growth of 14% to 15% YoYGAAP net income (loss) of ($75) to ($77) millionAdjusted EBITDA of ($20) million to ($22) million BUFFALO, N.Y., Nov. 06, 2023 (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, 2023. "We are very pleased wi