Based on its average fee per unit of $494 last year, ACV said it sees a total addressable market opportunity of $10.7 billion for its core, auction marketplace offering.

Sellers are drawn to ACV due to its lower auction fees and large buyer base. The stock appreciated during the quarter on strong results and 2024 guidance that came in well ahead of expectations.

This pricing strategy has allowed ACV Auctions to implement strategic fee increases while still maintaining a competitive edge. 3rd party Ad. Not an offer or recommendation by Investing.com.

As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the online ...

Based on its average fee per vehicle of $494 last year, ACV said it sees a total addressable market opportunity of $10.7 billion for its core auction marketplace offering.

ACV Auctions (ACVA) delivered earnings and revenue surprises of 0% and 2.75%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Online used car auction platform ACV Auctions (NASDAQ:ACVA) announced better-than-expected revenue in Q3 CY2024, with sales up 44% year on year to $171.3 million.

ACV Auctions' actual Q1 2024 normalized EBITDA margin of 2.9% turned out to be +0.5 percentage points higher than the market's consensus projection of 2.4% as per S&P Capital IQ data.

Headquartered in Buffalo, New York, ACV Auctions Inc. (NASDAQ:ACVA) provides a digital marketplace where buyers and sellers can connect for the online auction of wholesale vehicles.