ACV Auctions Inc. (NASDAQ: ACVA) Financial Performance and Stock Sale
- ACVA reported first-quarter earnings of $0.04 per share, surpassing the Zacks Consensus Estimate.
- The company's revenue for the quarter ending March 2025 was $182.7 million, exceeding expectations and indicating strong growth.
- Despite a GAAP net loss, ACVA achieved a non-GAAP net income of $7 million and an Adjusted EBITDA of $14 million.
ACV Auctions Inc. (NASDAQ: ACVA) is a leading digital automotive marketplace and data services partner. The company specializes in providing a platform for buying and selling vehicles, primarily targeting dealers. Operating within the Zacks Internet - Commerce industry, ACVA competes with other online automotive marketplaces and has demonstrated strong financial performance as evidenced by its recent earnings report.
On May 12, 2025, Peer Andrew, VP, Corporate Controller & CAO at ACVA, sold 10,261 shares of Class A Common Stock at $17.18 each. Despite this sale, Andrew still holds 60,384 shares. This transaction follows ACVA's report of impressive first-quarter earnings of $0.04 per share, surpassing the Zacks Consensus Estimate of $0.02 per share and marking a significant improvement from the previous year's break-even earnings.
ACVA's revenue for the quarter ending March 2025 was $182.7 million, exceeding the Zacks Consensus Estimate by 0.16%. This represents a notable increase from the $145.69 million reported in the same quarter last year. The company has consistently exceeded consensus revenue estimates over the past four quarters, highlighting its strong financial health and growth trajectory.
Despite a GAAP net loss of $15 million, ACVA achieved a non-GAAP net income of $7 million and an Adjusted EBITDA of $14 million, surpassing its guidance. The company anticipates 2025 revenue to range between $765 million and $785 million, reflecting a year-over-year growth of 20% to 23%. However, it projects a GAAP net loss between $50 million and $60 million.
The price-to-sales ratio is about 4.48, and the enterprise value to sales ratio is approximately 4.30. The debt-to-equity ratio is about 0.38, suggesting moderate debt levels. The current ratio of approximately 1.50 indicates reasonable liquidity to cover short-term liabilities.
| Symbol | Price | %chg |
|---|---|---|
| TURI.JK | 1560 | 0 |
| MPMX.JK | 970 | 0.52 |
| IMAS.JK | 795 | 0 |
| BOGA.JK | 565 | 0.88 |
ACV Auctions Inc. (NASDAQ: ACVA) Financial Performance and Stock Sale
- ACVA reported first-quarter earnings of $0.04 per share, surpassing the Zacks Consensus Estimate.
- The company's revenue for the quarter ending March 2025 was $182.7 million, exceeding expectations and indicating strong growth.
- Despite a GAAP net loss, ACVA achieved a non-GAAP net income of $7 million and an Adjusted EBITDA of $14 million.
ACV Auctions Inc. (NASDAQ: ACVA) is a leading digital automotive marketplace and data services partner. The company specializes in providing a platform for buying and selling vehicles, primarily targeting dealers. Operating within the Zacks Internet - Commerce industry, ACVA competes with other online automotive marketplaces and has demonstrated strong financial performance as evidenced by its recent earnings report.
On May 12, 2025, Peer Andrew, VP, Corporate Controller & CAO at ACVA, sold 10,261 shares of Class A Common Stock at $17.18 each. Despite this sale, Andrew still holds 60,384 shares. This transaction follows ACVA's report of impressive first-quarter earnings of $0.04 per share, surpassing the Zacks Consensus Estimate of $0.02 per share and marking a significant improvement from the previous year's break-even earnings.
ACVA's revenue for the quarter ending March 2025 was $182.7 million, exceeding the Zacks Consensus Estimate by 0.16%. This represents a notable increase from the $145.69 million reported in the same quarter last year. The company has consistently exceeded consensus revenue estimates over the past four quarters, highlighting its strong financial health and growth trajectory.
Despite a GAAP net loss of $15 million, ACVA achieved a non-GAAP net income of $7 million and an Adjusted EBITDA of $14 million, surpassing its guidance. The company anticipates 2025 revenue to range between $765 million and $785 million, reflecting a year-over-year growth of 20% to 23%. However, it projects a GAAP net loss between $50 million and $60 million.
The price-to-sales ratio is about 4.48, and the enterprise value to sales ratio is approximately 4.30. The debt-to-equity ratio is about 0.38, suggesting moderate debt levels. The current ratio of approximately 1.50 indicates reasonable liquidity to cover short-term liabilities.
ACV Auctions Gains 2% as Needham Boosts Price Target to $28
ACV Auctions Inc. (NASDAQ:ACVA) shares rose more than 2% intra-day today after Needham analysts raised their price target on the stock to $28 from $26, maintaining a Buy rating and naming the company as a top pick on the Needham Conviction List for the third consecutive year. The updated outlook reflects ACV’s strong position as a leader in dealer-to-dealer auctions and its promising growth trajectory.
According to the analysts, ACV is positioned for sustained expansion, benefiting from improving market conditions and the gradual normalization of dealer behavior. The company’s growth is further supported by plans to expand its total addressable market (TAM) into commercial auction supply, unlocking additional revenue opportunities.
The analysts raised fourth-quarter estimates due to higher year-over-year auction conversion rates, driven by improving retail demand amidst tight used vehicle supply. Similar market dynamics are expected to persist into fiscal 2025, prompting increased unit and revenue projections. While incremental margins may face short-term pressure as ACV invests in building its commercial pipeline, these margins are projected to grow significantly in fiscal 2026 as the company solidifies its leadership in dealer-to-dealer auctions and gains market share among commercial sellers.
ACV Auctions Gains 2% as Needham Boosts Price Target to $28
ACV Auctions Inc. (NASDAQ:ACVA) shares rose more than 2% intra-day today after Needham analysts raised their price target on the stock to $28 from $26, maintaining a Buy rating and naming the company as a top pick on the Needham Conviction List for the third consecutive year. The updated outlook reflects ACV’s strong position as a leader in dealer-to-dealer auctions and its promising growth trajectory.
According to the analysts, ACV is positioned for sustained expansion, benefiting from improving market conditions and the gradual normalization of dealer behavior. The company’s growth is further supported by plans to expand its total addressable market (TAM) into commercial auction supply, unlocking additional revenue opportunities.
The analysts raised fourth-quarter estimates due to higher year-over-year auction conversion rates, driven by improving retail demand amidst tight used vehicle supply. Similar market dynamics are expected to persist into fiscal 2025, prompting increased unit and revenue projections. While incremental margins may face short-term pressure as ACV invests in building its commercial pipeline, these margins are projected to grow significantly in fiscal 2026 as the company solidifies its leadership in dealer-to-dealer auctions and gains market share among commercial sellers.
