NYSE:ACVACommercial Services
ACV Auctions’ Softened Revenue Outlook in Tough Used-Car Market Might Change The Case For Investing In ACV Auctions (ACVA)
Online used car auction platform ACV Auctions recently reported earnings after the bell, following a prior quarter where it met revenue expectations but missed its full-year revenue and EBITDA guidance.
This latest update comes as the company heads into a period of slower expected revenue growth and heightened scrutiny of how it manages a tougher used-vehicle market and the fallout from a former customer bankruptcy.
Next, we’ll examine how ACV’s adjusted revenue guidance amid a challenging...