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ACV Auctions (ACVA)
NASDAQ:ACVA
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
-$0.03Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 12.26%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with record-breaking revenue, strong market share gains, and raised guidance. However, challenges such as used vehicle inventory shortages and impacts from hurricanes were noted.Company Guidance
In the ACV Q3 2024 earnings call, the company discussed its impressive financial performance with revenue reaching $171 million, which marks a 44% year-over-year increase. ACV also achieved a record adjusted EBITDA of $11 million, significantly surpassing the guidance by 38%. The company sold 198,000 vehicles, reflecting a 32% increase compared to the previous year, driven by strong market share gains and enhanced conversion rates. The gross merchandise value (GMV) increased by 17% year-over-year, despite a 12% decline in GMV per unit. ACV's transportation services also showed notable growth, delivering 108,000 units in Q3 and achieving a revenue margin of 20%, up 170 basis points year-over-year. The company raised its full-year guidance, projecting revenue to be between $630 million and $634 million, a growth of 31% to 32%, and adjusted EBITDA to range from $25 million to $27 million.Record Revenue and Adjusted EBITDA
ACV delivered record revenue of $171 million, growing 44% year-over-year, and record adjusted EBITDA, both exceeding the high end of guidance.
Strong Market Share Gains
The company reported strong market share gains in its core dealer wholesale business, selling 198,000 vehicles, a year-over-year increase of 32%.
ACV Transport and Capital Performance
ACV Transport delivered record revenue with 108,000 deliveries, achieving 27% volume growth. ACV Capital showed solid growth with a new offering pilot expanding financing options.
Raising Full-Year Guidance
Based on strong Q3 performance, ACV raised full-year guidance, expecting revenue between $630 million and $634 million, and adjusted EBITDA between $25 million and $27 million.
Innovation in Marketplace Engagement
Investments in marketplace engagement paid off with strong conversion rates supported by advanced features like AI-enabled pricing and flexible auction formats.
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ACVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $19.50 | $20.13 | +3.23% |
| Aug 07, 2024 | $14.83 | $18.05 | +21.71% |
| May 08, 2024 | $17.32 | $17.47 | +0.87% |
| Feb 21, 2024 | $14.00 | $16.41 | +17.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ACV Auctions (ACVA) report earnings?
ACV Auctions (ACVA) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is ACV Auctions (ACVA) earnings time?
ACV Auctions (ACVA) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACVA EPS forecast?
ACVA EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
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