Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why ACV Auctions Stock Popped Today

TheMotleyFool

0 0

Shares of ACV Auctions (NASDAQ: ACVA) were moving higher today after the online vehicle-wholesale marketplace posted better-than-expected results in its second-quarter earnings report.

As a result, the stock was up 13.1% as of 1:05 p.m. ET.

Revenue in the quarter rose 18% to $115.1 million, which was ahead of analyst estimates at $111.4 million, as well as the company's own guidance. Marketplace gross merchandise volume (GMV), the core driver of its business, was up 27% to $2.7 billion. However, that increase was entirely due to higher prices on vehicles as units sold fell 3% to 148,047.

Source Fool.com

Like: 0

ACVA

Share