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

ACV Auctions

11/05/2022 23:52

* ACV Auctions Inc  ACVA.OQ  reported a quarterly adjusted
loss
of 19 cents​​ per share for the quarter ended in March. The mean
expectation of fifteen analysts for the quarter was for a loss
of 16 cents per share.
    * Revenue rose 49.2% to $103.07 million from a year ago; 
analysts
expected $101.56 million. 
    * ACV Auctions Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * ACV Auctions Inc shares had fallen by 40.0% this
quarter and
lost 52.9% so far this year.
    * The company reported a quarterly loss of $29.5 million.
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $27.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 11 at 10:52 p.m.  ​All
figures in US dollars unless otherwise stated