ACV Auctions Inc reports results for the quarter - Earnings Summary

ACV Auctions

08/11/2024 21:05

* ACV Auctions Inc  ACVA.OQ  reported a quarterly adjusted
loss
of 10 cents​​ per share for the quarter , higher than the same
quarter last year, when the company reported EPS of -11 cents. 
The mean expectation of thirteen analysts for the quarter was
for a loss of 11 cents per share. Wall Street expected
results to range from -13 cents to -9 cents per share.
    * Revenue rose 44% to $171.33 million from a year ago;
analysts
expected $160.42 million. 
    * ACV Auctions Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The company reported a quarterly loss of $16.03 million.
    * ACV Auctions Inc shares had fallen by 4.1% this
quarter and
gained 28.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for ACV Auctions Inc
is $24.00 
This summary was machine generated from LSEG data November 8 at
09:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.11          -0.10          Beat
 Jun. 30 2024      -0.11          -0.10          Beat
 Mar. 31 2024      -0.09          -0.12          Missed
 Dec. 31 2023      -0.15          -0.14          Beat