acv auctions’ mission is to become the most trusted source in the industry for purchasing wholesale vehicles. our product leverages mobile to its maximum benefit through enabling 20-minute auction sessions from dealers’ lots; this eliminates the need to ship cars to auction. our technology modernizes the entire arc of auction operations, including account management, title management, floor plan purchasing, arbitration, and facilitating logistics. to learn more, please visit www.acvauctions.com.
Company profile
Ticker
ACVA
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
ACV AUTO AUCTIONS INDIA PRIVATE LIMITED • ACV Auto Canada Ltd. • ACV Capital Funding LLC • ACV Capital LLC • ACV Operating Company Inc. • ACV Remarketing Centers Inc. • ACV Services Company Inc. • ACV Transportation LLC • Central Auto Holdings LLC • Max Digital LLC ...
IRS number
472415221
ACVA stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
21 Feb 24
10-K
2023 FY
Annual report
21 Feb 24
8-K
Fourth quarter revenue of $118 million and full-year revenue of $481 million
21 Feb 24
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Third quarter revenue of $119 million, up 13% year over year
6 Nov 23
10-Q
2023 Q2
Quarterly report
7 Aug 23
8-K
Second quarter revenue of $124 million, up 8% year over year
7 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
1 Jun 23
10-Q
2023 Q1
Quarterly report
10 May 23
8-K
First quarter revenue of $120 million, up 16% year over year
10 May 23
Transcripts
ACVA
Earnings call transcript
2023 Q3
6 Nov 23
ACVA
Earnings call transcript
2023 Q2
8 Aug 23
ACVA
Earnings call transcript
2023 Q1
10 May 23
ACVA
Earnings call transcript
2022 Q4
22 Feb 23
ACVA
Earnings call transcript
2022 Q3
9 Nov 22
ACVA
Earnings call transcript
2022 Q2
11 Aug 22
ACVA
Earnings call transcript
2022 Q1
12 May 22
ACVA
Earnings call transcript
2021 Q4
17 Feb 22
ACVA
Earnings call transcript
2021 Q3
11 Nov 21
ACVA
Earnings call transcript
2021 Q2
12 Aug 21
Latest ownership filings
4
George Chamoun
21 Mar 24
4
WILLIAM ZERELLA
21 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
4
WILLIAM ZERELLA
18 Mar 24
4
EILEEN A KAMERICK
18 Mar 24
4
Brian Hirsch
15 Mar 24
4
George Chamoun
15 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 226.24 mm | 226.24 mm | 226.24 mm | 226.24 mm | 226.24 mm | 226.24 mm |
Cash burn (monthly) | 15.24 mm | 5.71 mm | 7.43 mm | 7.52 mm | 4.92 mm | (no burn) |
Cash used (since last report) | 91.14 mm | 34.16 mm | 44.43 mm | 44.96 mm | 29.40 mm | n/a |
Cash remaining | 135.10 mm | 192.07 mm | 181.80 mm | 181.28 mm | 196.84 mm | n/a |
Runway (months of cash) | 8.9 | 33.6 | 24.5 | 24.1 | 40.0 | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 171 |
Opened positions | 23 |
Closed positions | 29 |
Increased positions | 72 |
Reduced positions | 51 |
13F shares | Current |
---|---|
Total value | 1.91 tn |
Total shares | 146.35 mm |
Total puts | 91.70 k |
Total calls | 211.60 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
15 Angels III | 18.85 mm | $0.00 |
Vanguard | 12.81 mm | $194.44 bn |
FMR | 11.76 mm | $178.58 bn |
Atreides Management | 10.83 mm | $164.39 bn |
ArrowMark Colorado | 10.56 mm | $160.23 bn |
BLK Blackrock | 9.03 mm | $137.08 bn |
Alliancebernstein | 6.11 mm | $92.73 bn |
William Blair Investment Management | 4.37 mm | $66.33 bn |
JPM JPMorgan Chase & Co. | 4.36 mm | $66.23 bn |
Candlestick Capital Management | 3.85 mm | $58.44 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Mar 24 | George Chamoun | Class A Common Stock | Sell | Dispose S | No | Yes | 19.14 | 120,062 | 2.30 mm | 597,921 |
21 Mar 24 | George Chamoun | Class A Common Stock | Conversion | Acquire C | No | No | 0 | 120,062 | 0.00 | 717,983 |
21 Mar 24 | George Chamoun | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 120,062 | 0.00 | 2,484,237 |
20 Mar 24 | George Chamoun | Class A Common Stock | Sell | Dispose S | No | Yes | 18.73 | 77,198 | 1.45 mm | 597,921 |
20 Mar 24 | George Chamoun | Class A Common Stock | Conversion | Acquire C | No | No | 0 | 77,198 | 0.00 | 675,119 |
20 Mar 24 | George Chamoun | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 77,198 | 0.00 | 2,604,299 |
19 Mar 24 | William Zerella | Class A Common Stock | Sell | Dispose S | No | Yes | 18.4 | 32,500 | 598.00 k | 323,286 |
19 Mar 24 | William Zerella | Class A Common Stock | Conversion | Acquire C | No | No | 0 | 7,500 | 0.00 | 355,786 |
19 Mar 24 | William Zerella | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 25,000 | 0.00 | 348,286 |
19 Mar 24 | William Zerella | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 7,500 | 0.00 | 131,997 |
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Needham Reiterates Buy on ACV Auctions, Maintains $23 Price Target
22 Feb 24
ACV Auctions Announces The Settlement Of Litigation Regarding AutoIMS; The Company May Now Provide Services To The 1,300 Commercial Consignors That Currently Utilize AutoIMS To Connect With Hundreds Of Physical Auctions
21 Feb 24
Press releases
Fuel Me Secures $18 Million in Oversubscribed Series A to Redefine Fuel Procurement as We Know It
20 Mar 24
Impel Launches Car Buying AI and Integrates with ACV Auctions' ClearCar to Bring Enhanced Inventory Acquisition Solution to Auto Dealers
1 Feb 24
ACV to Report Fourth Quarter and Full Year 2023 Financial Results on February 21, 2024
24 Jan 24
ACV to Showcase the Future of Vehicle Sourcing and Inventory Management at the 2024 National Automobile Dealers Association Show in Las Vegas
11 Jan 24