Acv Auctions Inc. Stock Price, News & Analysis

ACV Auctions, a leading digital automotive marketplace, will present at the 2022 JMP Securities Technology Conference on March 8 at 4:30 PM ET. This event will showcase ACV's innovative solutions in wholesale vehicle transactions and data services, highlighting its mission to create trustworthy marketplaces for buying and selling used vehicles. Attendees can access the live webcast through the Company's investor relations website, with an archived replay available post-event.

ACV (Nasdaq: ACVA) announced its acquisition of Drivably, enhancing its digital automotive marketplace. This acquisition aims to provide dealers with tools to better compete for consumer vehicles in a rapidly evolving market. Drivably's engagement tools, combined with ACV’s machine learning pricing engine, will help dealers source consumer inventory effectively. ACV’s Live Appraisal solution has shown significant success, driving increased dealership traffic and trade-ins. The company emphasizes its commitment to delivering a comprehensive platform for dealers.

ACV (Nasdaq: ACVA) reported a record fourth quarter revenue of $100.2 million, a remarkable 86% increase year-over-year, contributing to full-year revenue of $358.4 million (+72%). However, the company faces challenges, with a GAAP net loss of $26.3 million in Q4 and $78.2 million for the year. For 2022, ACV anticipates revenues between $450 million and $460 million, alongside an Adjusted EBITDA loss projected at $53 million to $57 million. The company aims for 2026 targets of $1.3 billion in revenue and $325 million in Adjusted EBITDA.

ACV (Nasdaq: ACVA) anticipates exceeding its revenue guidance for Q4 2021 and reports a lower-than-expected adjusted EBITDA loss. Financial results for the fourth quarter and full-year of 2021 will be published on February 16, 2022, followed by a call at 5:00 p.m. ET. An analyst day is scheduled for March 1, 2022, where ACV will discuss its digital transformation strategy, market growth, innovation, and plans for achieving adjusted EBITDA profitability by 2023. The event will be held at the Nasdaq MarketSite.

ACV (NASDAQ: ACVA), a leading online automotive marketplace, announced that its management team will present at the 2021 Raymond James Technology Investors Conference on December 6, 2021, at 8:50 AM ET. A webcast will be accessible on the company's investor relations website and an archived replay will be available post-event. ACV focuses on revolutionizing wholesale vehicle transactions through technology, providing transparent vehicle information. Its offerings include ACV Auctions, ACV Transportation, and ACV Capital, aimed at enhancing the buying and selling process for dealers.

ACV will be a platinum-level sponsor at Used Car Week 2021 from November 15-18 in Las Vegas. CEO George Chamoun will deliver the opening keynote on November 18, highlighting the company's growth since its IPO in March. The company will also feature multiple speaking sessions throughout the conference. Notably, team members Pam Patton and John Coles will receive honors at significant luncheons during the event. ACV continues to focus on enhancing its digital marketplace for used vehicles.

ACV Auctions Inc. (NASDAQ: ACVA), a leading online automotive marketplace, announced that its management team will present at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 16, 2021, at 4:00 PM ET. A webcast will be accessible via the company’s investor relations website, with an archived replay available post-presentation. ACV focuses on providing transparent vehicle information and efficient digital marketplaces for buying and selling used vehicles, enhancing confidence for dealers and commercial partners.

ACV (Nasdaq: ACVA) reported its third quarter 2021 results, achieving total revenue of $91.8 million, marking a 36% year-over-year increase. However, the company experienced a GAAP net loss of $24.8 million, compared to a net income of $3.2 million in Q3 2020. Adjusted EBITDA also saw a loss of $12.4 million. ACV raised its full-year revenue guidance to $341 to $344 million, anticipating an overall growth of 64% to 65%. Despite ongoing supply challenges in the automotive industry, ACV noted strong market share gains and robust adoption of its services.

ACV (Nasdaq: ACVA) will announce its third quarter 2021 financial results on November 10, 2021, after market close. A conference call and live webcast for discussion of these results will occur at 5:00 p.m. ET on the same day. Participants can join the call by dialing (833) 607-1658, and it will also be available for replay through November 17, 2021. ACV operates a digital marketplace for wholesale vehicle transactions, providing data services and leveraging technology for efficient vehicle buying and selling.