ACV Auctions Inc. (NASDAQ: ACVA) Financial Performance and Stock Sale

• ACVA reported first-quarter earnings of $0.04 per share, surpassing the Zacks Consensus Estimate.
• The company's revenue for the quarter ending March 2025 was $182.7 million, exceeding 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.

ACV Auctions Inc. (NASDAQ: ACVA) is a leading digital automotive marketplace and data services partner. The company specializes in providing a platform for buying and selling vehicles, primarily targeting dealers. Operating within the Zacks Internet - Commerce industry, ACVA competes with other online automotive marketplaces and has demonstrated strong financial performance as evidenced by its recent earnings report.

On May 12, 2025, Peer Andrew, VP, Corporate Controller & CAO at ACVA, sold 10,261 shares of Class A Common Stock at $17.18 each. Despite this sale, Andrew still holds 60,384 shares. This transaction follows ACVA's report of impressive first-quarter earnings of $0.04 per share, surpassing the Zacks Consensus Estimate of $0.02 per share and marking a significant improvement from the previous year's break-even earnings.

ACVA's revenue for the quarter ending March 2025 was $182.7 million, exceeding the Zacks Consensus Estimate by 0.16%. This represents a notable increase from the $145.69 million reported in the same quarter last year. The company has consistently exceeded consensus revenue estimates over the past four quarters, highlighting its strong financial health and growth trajectory.

Despite a GAAP net loss of $15 million, ACVA achieved a non-GAAP net income of $7 million and an Adjusted EBITDA of $14 million, surpassing its guidance. The company anticipates 2025 revenue to range between $765 million and $785 million, reflecting a year-over-year growth of 20% to 23%. However, it projects a GAAP net loss between $50 million and $60 million.

The price-to-sales ratio is about 4.48, and the enterprise value to sales ratio is approximately 4.30. The debt-to-equity ratio is about 0.38, suggesting moderate debt levels. The current ratio of approximately 1.50 indicates reasonable liquidity to cover short-term liabilities.