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

ACV Auctions

11/05/2023 12:26

* ACV Auctions Inc  ACVA.OQ  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in March. The mean
expectation of thirteen analysts for the quarter was for a loss
of 16 cents per share.
    * Revenue rose 16.1% to $119.63 million from a year ago;
analysts
expected $109.12 million. 
    * ACV Auctions Inc's reported EPS for the quarter was a loss
of 11
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.6%
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 5.8% this quarter and
gained 66.4% so far this year.
    * The company reported a quarterly loss of $18.2 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 13 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
11 at 11:26 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.16          -0.03          Beat
 Dec. 31 2022      -0.19          -0.15          Beat
 Sep. 30 2022      -0.17          -0.15          Beat
 Jun. 30 2022      -0.18          -0.16          Beat