ACV Auctions Inc reports results for the quarter ended in June - Earnings Summary

ACV Auctions

11/08/2022 18:58

* ACV Auctions Inc  ACVA.OQ  reported a quarterly adjusted
loss
of 16 cents​​ per share for the quarter ended in June. The mean
expectation of fifteen analysts for the quarter was for a loss
of 18 cents per share.
    * Revenue rose 18.2% to $115.07 million from a year ago;
analysts
expected $111.08 million. 
    * ACV Auctions Inc's reported EPS for the quarter was a loss
of 16
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.4%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * ACV Auctions Inc shares had risen by 16.1% this
quarter and
lost 59.7% so far this year.
    * The company reported a quarterly loss of $24.52 million.
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $16.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 11
at 05:58 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.18          -0.16          Beat
 Mar. 31 2022      -0.16          -0.19          Missed
 Dec. 31 2021      -0.20          -0.17          Beat
 Sep. 30 2021      -0.17          -0.16          Beat