ACV Auctions soars on robust full-year revenue forecast

ACV Auctions

17/02/2022 16:36

** Shares of auto marketplace  ACVA.O  up more than 17% at
$13.04, set for best day since market debut in March 2021
    ** ACVA, after market hours on Wednesday, forecast FY
revenue above estimates after reporting better-than-expected Q4
results  urn:newsml:reuters.com:*:nASA0311F
    ** Co's Q4 revenue surges 86% to $100.2 mln, topping
estimates of $86.7 mln; Q4 loss of 17 cents/shr also smaller
than expectations of a 20-cent loss per share
    ** Co sees FY 2022 revenue between $450 mln and $460 mln,
compared to Refinitiv estimates of $446.8 mln 
    ** ACVA has a consensus rating of "buy" among 14 analysts on
Refinitiv, with a median PT of $28
    ** Including session's moves, stock down ~31% this year

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))