ACV Auctions (NASDAQ:ACVA) Full Year 2024 Results

Key Financial Results

• Revenue: US$637.2m (up 32% from FY 2023).
• Net loss: US$79.7m (loss widened by 5.9% from FY 2023).
• US$0.48 loss per share (further deteriorated from US$0.47 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ACV Auctions EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 14% 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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