ACV Announces Third Quarter 2024 Results
ACV Auctions Inc. - Class A (ACVA)
Company Research
Source: GlobeNewswire
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. “We are very pleased with our strong third quarter results, which delivered revenue and Adjusted EBITDA above the high-end of our guidance range, along with continued margin expansion. ACV's strong market position resulted in additional share gains and accelerated revenue growth in the quarter. Our
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ACVA
News
- Online Marketplace Stocks Q3 Highlights: ACV Auctions (NASDAQ:ACVA) [Yahoo! Finance]Yahoo! Finance
- ACV Auctions Inc. (NASDAQ: ACVA) was upgraded by analysts at Stephens to a "hold" rating.MarketBeat
- ACV to Report Fourth Quarter 2024 Financial Results on February 19, 2025, and Host Analyst Day on March 11, 2025GlobeNewswire
- ACV Auctions Inc. (NASDAQ: ACVA) is now covered by analysts at Stephens. They set an "equal weight" rating and a $20.50 price target on the stock.MarketBeat
- ACV to Showcase AI-Powered Data Solutions at 2025 National Automobile Dealers Association Conference [Yahoo! Finance]Yahoo! Finance
ACVA
Earnings
- 11/7/24 - Miss
ACVA
Sec Filings
- 2/14/25 - Form SCHEDULE
- 2/14/25 - Form 4
- 2/14/25 - Form 4
- ACVA's page on the SEC website