ACV Auctions (NASDAQ:ACVA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$160.6m (up 29% from 2Q 2023).

• Net loss: US$17.1m (loss widened by 9.5% from 2Q 2023).

• US$0.10 loss per share (further deteriorated from US$0.098 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ACV Auctions Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 11% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for ACV Auctions that you need to take into consideration.

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