ACV Auctions: Q1 Earnings Insights

ACV Auctions ACVA reported its Q1 earnings results on Wednesday, May 11, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

ACV Auctions missed estimated earnings by 18.75%, reporting an EPS of $-0.19 versus an estimate of $-0.16.

Revenue was up $33.98 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 12.59% increase in the share price the next day.

Here's a look at ACV Auctions's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	-0.20	-0.17	-0.28	-0.68
EPS Actual	-0.17	-0.16	-0.06	-0.51
Revenue Estimate	86.50M	87.42M	74.30M	56.69M
Revenue Actual	100.18M	91.80M	97.37M	69.09M

To track all earnings releases for ACV Auctions visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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