• ACV Auctions Inc ACVA.N reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of thirteen analysts for the quarter was for a loss of 12 cents per share. Wall Street expected results to range from -13 cents to -11 cents per share.

• Revenue rose 25.4% to $182.70 million from a year ago; analysts expected $182.07 million.

• ACV Auctions Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $14.82 million.

• ACV Auctions Inc shares had risen by 11.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 160.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for ACV Auctions Inc is $22.00

This summary was machine generated from LSEG data May 8 at 09:36 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)