CSIMarket
 
Acv Auctions Inc   (ACVA)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $17.3100 $0.01 0.058%
Day's High: $17.52 Week Perf: 2.06 %
Day's Low: $ 16.97 30 Day Perf: -6.03 %
Volume (M): 632 52 Wk High: $ 19.54
Volume (M$): $ 10,936 52 Wk Avg: $15.77
Open: $17.18 52 Wk Low: $11.78



 Market Capitalization (Millions $) 2,777
 Shares Outstanding (Millions) 160
 Employees 798
 Revenues (TTM) (Millions $) 461
 Net Income (TTM) (Millions $) -77
 Cash Flow (TTM) (Millions $) 217
 Capital Exp. (TTM) (Millions $) 21

Acv Auctions Inc
ACV Auctions Inc. is an American technology company that provides a mobile app-based platform for wholesale vehicle auctions. With headquarters in Buffalo, New York, it was founded in 2014 by CEO George Chamoun, who is a former auto dealer. The company was formed with the aim of leveraging technology to create an online marketplace for used car auctions and streamline the car-buying process for dealerships.

The ACV Auctions platform allows dealerships to buy and sell wholesale vehicles in a more efficient and transparent way. Dealers can use the platform to access and bid on inventory from across the country, and the app itself provides a user-friendly interface for participating in online auctions. ACV holds two types of auctions: a Virtual Auction where cars are sold through live online bidding and a Live Auction where cars are sold in-person in auction houses. In addition, ACV offers a money-back guarantee on purchased vehicles, so that dealerships can purchase used vehicles with confidence.

ACV's business model streamlines the car-buying process for dealerships by offering a quick and easy way to access used car inventory. This not only saves time, but also reduces costs associated with transportation, inspection, and repairs. The platform also allows for comprehensive vehicle inspections before the auction, ensuring that dealerships are only bidding on cars that are in good condition. In addition, the platform provides dealerships with data on market prices, running condition and appraisal tools, and a user-friendly bidding experience.

Since its inception, ACV Auctions has raised over $653 million in funding and grown into a company of over 1,000 employees. Its services have expanded to over 150 markets and, as of 2021, the company had conducted more than 600,000 wholesale vehicle transactions, representing over $10 billion in vehicle value. Moreover, ACV Auctions was recognized by Forbes as the fastest-growing company in 2019 and on the list of fastest-growing companies in America for four years in a row from 2018 to 2021.

In conclusion, ACV Auctionse strengths lie in its user-friendly and transparent platform, as well as its technological finesse, which are effectively meeting the needs of dealerships in the used car market.


   Company Address: 640 Ellicott Street, #321 Buffalo 14203 NY
   Company Phone Number: 553-4070   Stock Exchange / Ticker: NASDAQ ACVA
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Product Service News

Rev Up Your Deliveries: ACV Transportation Extends Services to Off-Platform Purchases

Published Mon, Apr 15 2024 12:05 PM UTC

ACV Transportation has recently announced the effective expansion of its services to vehicles purchased outside their ACV platform. ACV envisions this move as enabling automotive dealers all over the nation to smoothly and instantly benefit from its services, thereby providing a seamless solution for rapid vehicle delivery for dealers' full inventory.With the proliferation o...

Product Service News

AI-Powered Vehicle Valuation Revolutionizes the Used Car Market

Published Fri, Nov 17 2023 4:23 PM UTC



In the rapidly evolving automotive industry, technology continues to disrupt traditional business models. One such disruption is the emergence of Artificial Intelligence (AI) in vehicle valuation and disposal strategies. ACV, the prominent digital automotive marketplace, recently showcased its expertise in this field at the highly anticipated Used Car Week 2023 eve...

Acv Auctions Inc

Acv Auctions Inc Shows Promise with a $119.01 Million Revenue Surge, Despite $0.11 Loss per Share

The stock market is often unpredictable, but there are always opportunities for investors to find promising companies. One such company that should capture your attention is Acv Auctions Inc, despite recently reporting a net loss in their financial statements.
While it may seem concerning at first to see a loss per share, it's important to analyze the broader picture. Acv Auctions Inc experienced a significant revenue increase of 12.896% from the same period last year, reaching an impressive $119.01 million in the most recent fiscal period. This growth demonstrates the company's ability to generate substantial revenue, which is a positive sign for potential investors.

Acv Auctions Inc

ACV Auctions Inc Soars Above Industry Trends with Impressive Q2 Growth in 2023

ACV Auctions Inc, a professional services company, has shown impressive progress in its financial performance during the April to June 30, 2023 period. The company managed to decrease its loss per share from $-0.16 to $-0.10 compared to the previous year, while its income per share improved from $-0.11 in the prior reporting period. Additionally, ACV Auctions Inc saw its revenue increase by 7.947% to $124.22 million, compared to $115.07 million in the same period the year before. Sequentially, the revenue advanced even further by 3.838% from $119.63 million.
One notable aspect of ACV Auctions Inc's performance is that it has outperformed its industry contemporaries in the Professional Services sector. While the industry as a whole experienced a 6.88% revenue growth during the same period, ACV Auctions Inc exceeded this with a 7.947% growth. This suggests that the company has been able to capitalize on emerging opportunities and successfully navigate challenges within its industry.

Acv Auctions Inc

Acv Auctions Inc Reports Impressive Double Digit Revenue Growth Amidst Challenging Economic Climate

Acv Auctions Inc struggles to rebound as it announces a cumulative net loss of $-91 million during the 12 months ending in the first quarter of 2023.
This has resulted in a negative return on equity (ROE) of -18.35%, which is lower than the average of 120 other companies within the Professional Services industry that had higher ROEs.
The total ranking has deteriorated compared to the fourth quarter of 2022 by 2925 positions.






 

Acv Auctions Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com