ACV plans to announce Q4 2024 financial results and host an analyst day in March 2025.
Quiver AI Summary
ACV, a leading digital automotive marketplace, has announced that it will report its fourth quarter 2024 financial results on February 19, 2025, followed by a conference call at 5:00 p.m. ET. Interested investors and analysts can join by calling provided numbers. Additionally, the company will hold an Analyst Day on March 11, 2025, at Convene in Manhattan, starting at 1:00 p.m. ET, which will feature presentations and a reception with management. Participants are encouraged to register via email. Both events will be webcast live and available for replay on ACV's investor relations website. The company aims to innovate the automotive industry by offering trusted digital marketplace services and comprehensive data solutions for used vehicles.
Potential Positives
- ACV will report its fourth quarter 2024 financial results, providing investors and analysts with insights into the company's performance.
- The announcement of an Analyst Day on March 11, 2025, suggests a commitment to transparency and engagement with investors.
- Live webcasts for financial and analyst events highlight ACV's efforts to ensure accessibility and transparency to stakeholders.
Potential Negatives
- The announcement of the financial results report date could indicate potential financial concerns if the results are anticipated to be unfavorable compared to previous quarters.
- Setting a specific date for the release of financial results may raise expectations among investors, which could lead to disappointment if the results do not meet these expectations.
- The scheduling of an analyst day might imply that the company feels it is necessary to provide additional context or clarity about its business direction, potentially hinting at recent challenges or changes that require investor engagement.
FAQ
When will ACV report its fourth quarter 2024 financial results?
ACV will report its fourth quarter 2024 financial results on February 19, 2025, after market close.
How can I participate in the ACV conference call?
To participate in the conference call, dial 877-704-4453 or 1-201-389-0920 for international callers, about 10 minutes before the call.
What is the date and location of ACV's Analyst Day?
ACV's Analyst Day is scheduled for March 11, 2025, at Convene, 530 Fifth Avenue, Midtown Manhattan.
How can I register for ACV's Analyst Day event?
To register for ACV's Analyst Day, send an email to ACVAuctionsIR@icrinc.com.
Where can I find the webcasts of ACV's events?
Live webcasts and archived replays of ACV's events will be available on the investor relations website at https://investors.acvauto.com/.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ACVA Insider Trading Activity
$ACVA insiders have traded $ACVA stock on the open market 56 times in the past 6 months. Of those trades, 0 have been purchases and 56 have been sales.
Here’s a breakdown of recent trading of $ACVA stock by insiders over the last 6 months:
- GEORGE CHAMOUN (Chief Executive Officer) has made 0 purchases and 4 sales selling 700,000 shares for an estimated $14,695,155.
- VIKAS MEHTA (Chief Operating Officer) has made 0 purchases and 3 sales selling 308,647 shares for an estimated $5,853,058.
- CRAIG ERIC ANDERSON (CCDSO) has made 0 purchases and 2 sales selling 248,063 shares for an estimated $5,509,743.
- WILLIAM ZERELLA (Chief Financial Officer) has made 0 purchases and 7 sales selling 227,500 shares for an estimated $4,517,372.
- MICHAEL WATERMAN (Chief Sales Officer) has made 0 purchases and 7 sales selling 185,729 shares for an estimated $3,775,075.
- LEANNE FITZGERALD (Chief Legal Officer) sold 73,167 shares for an estimated $1,379,197
- BRIAN HIRSCH sold 61,666 shares for an estimated $1,148,837
- EILEEN A KAMERICK sold 25,000 shares for an estimated $445,749
- ANDREW PEER (VP, Corporate Controller) has made 0 purchases and 4 sales selling 5,119 shares for an estimated $101,959.
- ROBERT P GOODMAN has made 0 purchases and 26 sales selling 0 shares for an estimated $0.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ACVA Hedge Fund Activity
We have seen 145 institutional investors add shares of $ACVA stock to their portfolio, and 64 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARROWMARK COLORADO HOLDINGS LLC removed 6,045,802 shares (-47.9%) from their portfolio in Q3 2024, for an estimated $122,911,154
- FMR LLC removed 3,894,430 shares (-22.5%) from their portfolio in Q3 2024, for an estimated $79,173,761
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 3,433,173 shares (+68.5%) to their portfolio in Q3 2024, for an estimated $69,796,407
- ATREIDES MANAGEMENT, LP removed 2,148,185 shares (-27.4%) from their portfolio in Q3 2024, for an estimated $43,672,601
- PARK WEST ASSET MANAGEMENT LLC added 1,145,000 shares (+142.2%) to their portfolio in Q3 2024, for an estimated $23,277,849
- SPYGLASS CAPITAL MANAGEMENT LLC added 1,068,356 shares (+69.1%) to their portfolio in Q3 2024, for an estimated $21,719,677
- WELLINGTON MANAGEMENT GROUP LLP added 1,059,512 shares (+inf%) to their portfolio in Q3 2024, for an estimated $21,539,878
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BUFFALO, N.Y., Jan. 22, 2025 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, announced today that the Company will report fourth quarter 2024 financial results after market close and host a conference call at 5:00 p.m. ET on Wednesday, February 19, 2025.
Investors and analysts interested in participating in the call are invited to dial 877-704-4453 (international callers please dial 1-201-389-0920) approximately 10 minutes prior to the start of the call.
2025 Analyst Day
ACV will host an analyst meeting on March 11, 2025. The event location is Convene at 530 Fifth Avenue in midtown Manhattan. The program will begin at 1:00 p.m. ET and conclude at 4:00 p.m. ET, followed by a reception with ACV’s management team. To register for the event, please send an email to
ACVAuctionsIR@icrinc.com
.
Webcast
Live webcasts of both events will be available on the Company’s investor relations website at
https://investors.acvauto.com/
, and archived replays will be available afterward.
About ACV
ACV is on a mission to transform the automotive industry by building the most trusted and efficient digital marketplace and data solutions for sourcing, selling and managing used vehicles with transparency and comprehensive insights that were once unimaginable.
ACV offerings include ACV Auctions, ACV Transportation, ACV Capital, MAX Digital, True360, and ClearCar. For more information about ACV, visit
www.acvauto.com
.
Trademark reference: ACV, the ACV logo, and ClearCar are registered trademarks or trademarks of ACV Auctions, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners.
Investor Contact:
Tim Fox
tfox@acvauctions.com
Media Contact:
Maura Duggan
mduggan@acvauctions.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
