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

ACV Auctions

07/08/2023 23:02

* ACV Auctions Inc  ACVA.OQ  reported a quarterly adjusted
loss
of 10 cents​​ per share for the quarter ended in June. The mean
expectation of thirteen analysts for the quarter was for a loss
of 14 cents per share.
    * Revenue rose 7.9% to $124.22 million from a year ago;
analysts
expected $119.85 million. 
    * ACV Auctions Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * ACV Auctions Inc shares had fallen by 4.2% this
quarter and
gained 101.5% so far this year.
    * The company reported a quarterly loss of $15.58 million.
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $20.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.14          -0.10          Beat
 Mar. 31 2023      -0.16          -0.03          Beat
 Dec. 31 2022      -0.19          -0.15          Beat
 Sep. 30 2022      -0.17          -0.15          Beat