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ACV Auctions Inc - ACVA STOCK NEWS

Welcome to our dedicated news page for ACV Auctions (Ticker: ACVA), a resource for investors and traders seeking the latest updates and insights on ACV Auctions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ACV Auctions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ACV Auctions's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.21%
Tags
none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.21%
Tags
earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
Tags
acquisition AI
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
conferences earnings
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Rhea-AI Summary
ACV (ACVA) to Showcase Data and AI-Powered Inspection Technologies at 2024 NADA Show
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
Tags
none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
Tags
AI
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
conferences
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News
Rhea-AI Summary
ACV, a digital automotive marketplace and data services partner, reported strong third-quarter results. Revenue reached $119 million, a 13% YoY increase. Adjusted EBITDA was ($4) million. The company raised its 2023 guidance with revenue expected to be $479 million to $483 million, a growth of 14% to 15% YoY.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
earnings
-
Rhea-AI Summary
ACV to report Q3 2023 financial results and host conference call on November 6, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
Tags
conferences earnings
Rhea-AI Summary
ACV invests in technology to enhance user experience and communication options for customers. The company launches a new chat feature via the My ACV portal, providing on-demand support for dealer partners. This improves efficiency and convenience for customers. The chat feature resolves quick-hit resolutions like vehicle title issues and ACV Transportation status updates. The use of chat agents enhances the user experience by providing instant assistance and efficient problem-solving. ACV customers can access the chat feature through the My ACV portal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.49%
Tags
none
ACV Auctions Inc

Nasdaq:ACVA

ACVA Rankings

ACVA Stock Data

2.88B
117.26M
1.69%
95.99%
5.7%
Wholesale Trade Agents and Brokers
Wholesale Trade
Link
United States
Buffalo

About ACVA

acv auctions’ mission is to become the most trusted source in the industry for purchasing wholesale vehicles. our product leverages mobile to its maximum benefit through enabling 20-minute auction sessions from dealers’ lots; this eliminates the need to ship cars to auction. our technology modernizes the entire arc of auction operations, including account management, title management, floor plan purchasing, arbitration, and facilitating logistics. to learn more, please visit www.acvauctions.com.