ACV Auctions Inc. - $ACVA STOCK NEWS

ACV Transportation expands services to vehicles purchased outside of the ACV platform, offering competitive pricing and efficient delivery through a network of vetted carriers. The company aims to provide seamless transportation solutions to the automotive community, leveraging technology and data for enhanced efficiency.

ACV, a digital automotive marketplace and data services partner, will present at The Citizens JMP Technology Conference on March 5, 2024. The webcast will be accessible on the investor relations website.

ACV (ACVA) reports strong fourth-quarter results with 21% revenue growth, exceeding Adjusted EBITDA guidance. The company expects 2024 revenue of $610-625 million, a 27-30% YoY increase, driven by market share gains and new solutions.

ACV (ACVA) settles antitrust litigation and secures AutoIMS license, expanding services for commercial consignors. The settlement allows ACV to provide services to 1,300 consignors, enhancing its digital-focused business model.

Impel, a global leader in AI-powered customer lifecycle management, has integrated its AI platform with ClearCar, an advanced trade-in condition and valuation solution from ACV (Nasdaq: ACVA). This combined solution will provide Impel's automobile dealer customers with an end-to-end solution for managing dealer-generated and third party leads from consumers wishing to value and sell their vehicles. The integration aims to bring leading-edge technology to the process of qualifying and valuing vehicles offered for sale by consumers, enabling dealers to more consistently and cost-effectively source inventory directly from consumers. The launch of Car Buying AI and the integration with ACV provides the most efficient and scalable solution for dealers looking to expand their private party vehicle acquisition efforts. The integration of ClearCar with Impel's AI platform supports vehicle sellers through the entire appraisal and valuation process, providing a seamless experience for consumers while enabling dealers to effectively distinguish between serious sellers and casual price checkers.

ACV, a digital automotive marketplace and data services partner, will report Q4 2023 financial results on February 21, 2024, after market close. A conference call will be hosted at 5:00 p.m. ET. Registrants can access the call via a pre-registration link and a live webcast will be available on the investor relations website.

ACV (ACVA) to Showcase Data and AI-Powered Inspection Technologies at 2024 NADA Show

ACV (Nasdaq: ACVA) Shares Insights from Used Car Week 2023 Participation. The leading digital automotive marketplace and data services partner for dealers and commercial clients, ACV, returned from Used Car Week 2023 as a platinum-level sponsor and exhibitor. The event facilitated conversations with dealers, where ACV executives shared insights on the industry, AI-based offerings, and capabilities for dealer and commercial partners. Key takeaways included concerns about economic change and preparation, the changing role of used-car managers, the importance of ancillary services, and new developments in AI and automotive tech.

ACV (Nasdaq: ACVA) will be presenting at the Stephens Annual Investment Conference and the Needham 3rd Annual Consumer Tech/E-Commerce Virtual Conference on November 16 and November 20, 2023, respectively. Webcasts of the events will be available on the company’s investor relations website.