ACV (ACVA) Misses Q1 EPS by 3c, Offers Guidance

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Go back to ACV (ACVA) Misses Q1 EPS by 3c, Offers Guidance

ACV Announces First Quarter 2022 Results

May 11, 2022 4:01 PM EDT

Delivers Solid Revenue Growth and Market Share Gains

First quarter revenue of $103 million, up 49% YoYFirst quarter GAAP net loss of $29 millionFirst quarter Adjusted EBITDA loss of $18 millionExpects 2022 revenue of $452 million to $460 million, growth of 26% to 28% YoY; expects 2022 Adjusted EBITDA loss of $53 million to $57 million

BUFFALO, N.Y., May 11, 2022 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading online automotive marketplace... More