ACV Auctions Inc. (NASDAQ: ACVA) Financial Perform…
From Financial Modeling Prep: 2025-05-12 17:05:00
ACVA Auctions Inc. (NASDAQ: ACVA) reported first-quarter earnings of $0.04 per share, exceeding the Zacks Consensus Estimate. The company’s revenue for March 2025 was $182.7 million, surpassing 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. Additionally, the company anticipates revenue growth of 20% to 23% for 2025. Peer Andrew, VP at ACVA, recently sold 10,261 shares of Class A Common Stock at $17.18 each, but still holds 60,384 shares. The company’s financial health is evident in its consistent revenue performance and moderate debt levels.
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