ACV Auctions (NASDAQ:ACVA) Third Quarter 2022 Results
Key Financial Results
Revenue: US$105.4m (up 15% from 3Q 2021).
Net loss: US$23.7m (loss narrowed by 4.6% from 3Q 2021).
US$0.15 loss per share (improved from US$0.16 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ACV Auctions EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Commercial Services industry in the US.
The company's shares are up 7.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on ACV Auctions' balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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