NYSE:ACVACommercial Services
Will ACV Auctions' (ACVA) Weaker Guidance Shift Its Long-Term Investment Narrative?
ACV Auctions recently reported second quarter results, posting revenue of US$193.7 million and a net loss of US$7.3 million, and updated its guidance to reflect an expected full-year net loss of US$47 million to US$51 million for 2025.
While management highlighted record revenue and market share gains, the company's updated guidance fell short of analyst forecasts and included softer marketplace unit and EBITDA projections compared to expectations.
We'll explore how ACV Auctions'...