ACV Auctions (NASDAQ:ACVA) Stock

ACV Auctions

ACV Auctions Inc is a mobile platform for wholesale car auctions. The company provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.

Analysts

News

Price Target

Markets

Analyst Ratings

Trading Ideas

ACVA

AVXL

KMPR

PYPD

Kemper To Rally More Than 25%? Here Are 4 Top Analyst Forecasts For Thursday

Penny Stocks

Small Cap

Intraday Update

Movers

AGRX

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

ATNI

BBLG

BELFA

BZFD

DOCN

DPRO

EAST

ETSY

EZFL

GBNH

GSHD

INDV

KTOS

LCID

LNTH

LRHC

LUNG

MATV

MGPI

MNPR

MNTS

NOVA

NVAX

NVDA

OCUL

QTWO

RELY

RILY

RIVN

ROOT

RXRX

SMCI

SNPS

SNPX

TRUE

VERO

Why Etsy Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

ALTI

DELL

ICLR

MRNA

NICE

WING

U.S. stocks were higher, with the Nasdaq Composite gaining more 2% on Thursday.

NICE Posts Upbeat Earnings, Joins FTI Consulting, NVIDIA, Moderna And Other Big Stocks Moving Higher On Thursday

ACV Auctions Inc

Management

Lucid Group Appoints Peter Rawlinson Interim Chief Executive Officer

Innovex International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVX#NYSE">INVX</a>) reported $251.000 million in sales this quarter.

Earnings

INVX

Innovex International Q4 Sales $251.000M

WIIM

CPNG

Coupang shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results.

AMC CEO Says 'Over the course of the year, AMC reduced its debt obligations by more than $375 million, and we ended the year with more than $630 million of available cash.'

LMND

CORRECTION: Lemonade Q4 2024 GAAP EPS $(0.42) Beats $(0.64) Estimate, Sales $148.80M Beat $144.93M Estimate

CART

Mablebear shares are trading lower after the company reported worse-than-expected Q4 revenue results.

Guidance

Alcon Sees FY25 EPS $3.15-$3.25 Vs $3.36 Est.; Revenue $10.2B-$10.4B Vs $10.461B Est.

Earnings Beats

AMC Enter Hldgs Q4 2024 Adj. EPS $(0.18), Inline, Sales $1.306B Beat $1.298B Estimate

CeriBell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBLL#NASDAQ">CBLL</a>) reported quarterly losses of $(0.40) per share which missed the analyst consensus estimate of $(0.32) by 25 percent. This is a 73.86 percent increase over losses of $(1.53) per share from the same period last year. The company reported quarterly sales of $18.53 million which beat the analyst consensus estimate of $17.55 million by 5.59 percent. This is a 41.15 percent increase over sales of $13.13 million the same period last year.

Earnings Misses

CBLL

CeriBell Q4 GAAP EPS $(0.40) Misses $(0.32) Estimate, Sales $18.53M Beat $17.55M Estimate

Ashford Hospitality Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHT#NYSE">AHT</a>) reported quarterly losses of $(2.21) per share. This is a 38.61 percent increase over losses of $(3.60) per share from the same period last year. The company reported quarterly sales of $275.481 million which beat the analyst consensus estimate of $264.400 million by 4.19 percent. This is a 13.88 percent decrease over sales of $319.884 million the same period last year.

Ashford Hospitality Trust Q4 2024 AFFO $(2.21) Up From $(3.60) YoY, Sales $275.481M Beat $264.400M Estimate

RLJ Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>) is looking for FY2025 FFO of $1.46-$1.66 vs $1.60 analyst estimate..

RLJ Lodging Sees FY2025 FFO $1.46-$1.66 vs $1.60 Est

RLJ Lodging (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>) reported quarterly losses of $(0.01) per share which beat the analyst consensus estimate of $(0.04) by 75 percent. This is a 200 percent decrease over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $329.99 million which beat the analyst consensus estimate of $324.80 million by 1.60 percent. This is a 3.22 percent increase over sales of $319.71 million the same period last year.

RLJ Lodging Q4 EPS $(0.01) Beats $(0.04) Estimate, Sales $329.99M Beat $324.80M Estimate

SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) reported quarterly losses of $(0.11) per share which met the analyst consensus estimate. This is a 266.67 percent decrease over losses of $(0.03) per share from the same period last year. The company reported $2.04 million in sales this quarter.

SES AI Q4 GAAP EPS $(0.11), Inline, Sales $2.04M

ENVB

Enveric Biosciences shares are trading higher after the company announced its non-hallucinogenic psychedelic compounds showed promise for treating addiction and ADHD.

Alcon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.71 by 1.41 percent. This is a 2.86 percent increase over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $2.477 billion which beat the analyst consensus estimate of $2.466 billion by 0.45 percent. This is a 6.22 percent increase over sales of $2.332 billion the same period last year.

Alcon Q4 2024 Adj. EPS $0.72 Beats $0.71 Estimate, Sales $2.477B Beat $2.466B Estimate

Recent claims by <a href="https://www.benzinga.com/personal-finance/25/02/43872067/from-colas-to-taxes-trumps-social-security-changes-so-far">President Donald Trump</a> and billionaire Elon Musk suggest that millions of deceased individuals—some allegedly over 300 years old—are receiving Social Security benefits. However, these statements misrepresent Social Security data, and there is no evidence to support the idea that tens of millions of dead people are collecting checks.
<h2 class="wp-block-heading">Where Do These Claims Come From?</h2>
During a press briefing on Wednesday, Trump said, "We have millions and millions of people over 100 years old" receiving Social Security benefits, calling it an issue of fraud or incompetence. Similarly, Musk posted <a href="https://x.com/elonmusk/status/1891557463377490431">on X</a> a screenshot that claims the existence of people listed as alive in Social Security's records despite their extreme ages. In <a href="https://x.com/elonmusk/status/1891350795452654076">another post</a>, he also joked that perhaps vampires were collecting benefits.
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>The average 401(k) balance soars to a record-breaking high – <a href="https://www.benzinga.com/money/average-401k-balances-soars-to-record-high">Here's how to know if your nest egg is keeping pace.</a></li>
</ul>
However, <a href="https://www.benzinga.com/25/02/43773868/doge-demand-leads-to-resignation-of-acting-social-security-commissioner-trump-nominates-frank-bisignano-to-take-charge">Social Security</a>'s new acting commissioner, Lee Dudek, clarified that while records do include Social Security numbers for individuals over 100 without a recorded date of death, this does not mean they are receiving benefits. These records often reflect outdated or incomplete information rather than actual fraudulent payments.
<h2 class="wp-block-heading">Understanding the Numbers</h2>
The Social Security Administration does acknowledge that improper payments occur, but they account for a small fraction of overall benefits. A <a href="https://oig.ssa.gov/assets/uploads/072401.pdf">2024 report</a> from Social Security's inspector general found that between 2015 and 2022, SSA paid out $71.8 billion in improper payments—less than 1% of total benefits distributed in that period. Most of these errors were overpayments to living individuals, not fraudulent payments to the deceased.
In January, Department of Treasury pilot program recovered $31 million in various federal payments—including Social Security payments—made to deceased individuals, <a href="https://apnews.com/article/social-security-biden-treasury-trump-doge-cc46365b82a32038123576502977dd26">according to the Associated Press</a>. The program gives the department temporary access to the SSA's "Full Death Master File." Over the three-year access period, which runs from December 2023 through 2026, the Treasury expects to recover roughly $215 million. This is a far cry from the "millions and millions" of fraudulent payments Trump and Musk have claimed.
Trending: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
<h2 class="wp-block-heading">The COBOL Factor: Why Some Records Show People Over 150</h2>
A likely explanation for some of the extreme ages appearing in Social Security databases is the SSA's reliance on COBOL, a 60-year-old programming language. <a href="https://www.wired.com/story/elon-musk-doge-social-security-150-year-old-benefits/">Wired reported</a> that because COBOL lacks a proper date type, when birthdates are missing or incomplete, the system may default to a reference date—sometimes set over 150 years ago. This quirk has led to instances where Social Security records list individuals as being well over 100 years old, even if they are no longer alive or never received benefits.&nbsp;
Additionally, a <a href="https://oig-files.ssa.gov/audits/full/A-06-14-34030_0.pdf">2023 report</a> from the SSA's inspector general found that the agency had not updated its database to properly mark all deceased individuals due to the high cost of doing so. However, almost none of these individuals were receiving payments.
<h2 class="wp-block-heading">Is Social Security Fraud a Serious Problem?</h2>
Experts agree that while any improper payment is an issue, <a href="https://www.benzinga.com/personal-finance/25/02/43836529/elon-musks-social-security-warning-a-political-battle-over-billions-in-alleged-fraud">Social Security fraud</a> is not a major driver of the program's financial challenges. Chuck Blahous, a senior research strategist at the Mercatus Center, told AP that Social Security's error rates are relatively low compared to other government programs, such as Medicaid.
Sita Nataraj Slavov, a public policy professor at George Mason University, told AP, "The real concern is that this claim may mislead people into thinking there's an easy fix to Social Security's financial problems — that we can somehow restore solvency without making sacrifices through higher taxes or lower benefits. This is simply not true."
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
<h2 class="wp-block-heading">The Bottom Line</h2>
While some <a href="https://www.benzinga.com/news/25/02/43807479/elon-musk-sparks-debate-on-social-security-data-after-report-finds-millions-of-alive-centenarians-in">Social Security records</a> list individuals over 100 years old as alive, this does not mean that millions of dead people are fraudulently receiving benefits. In fact, in 2013, the SSA began efforts to halt payments to any beneficiary as soon as they reached 115 years old in their system.&nbsp;
The claims made by Trump and Musk are largely based on outdated records and programming quirks, not actual fraud on the scale they suggest. Social Security does have improper payments, but they represent a small percentage of overall benefits and are not the main financial issue facing the program today.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a></li>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>

Personal Finance

Social Security In Uncertain Times: What The Resignation Of Michelle King And Musk's DOGE Data Push Could Mean For Beneficiaries

F5 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) has outperformed the market over the past 5 years by 5.56% on an annualized basis producing an average annual return of 19.54%. Currently, F5 has a market capitalization of $17.00 billion. 
Buying $100 In FFIV: If an investor had bought $100 of FFIV stock 5 years ago, it would be worth $244.25 today based on a price of $292.98 for FFIV at the time of writing.
<h3>F5's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740519010_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FFIV

If You Invested $100 In This Stock 5 Years Ago, You Would Have This Much Today

ARQT

Arcutis Biotherapeutics shares are trading higher after the company reported better-than-expected Q4 financial results.

BASE

Couchbase shares are trading higher after the company reported better-than-expected Q4 financial results.

Rocky Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) reported quarterly earnings of $1.19 per share which missed the analyst consensus estimate of $1.22 by 2.46 percent. This is a 21.43 percent increase over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $128.05 million which beat the analyst consensus estimate of $125.45 million by 2.08 percent. This is a 1.67 percent increase over sales of $125.95 million the same period last year.

RCKY

Rocky Brands Q4 Adj EPS $1.19 Misses $1.22 Estimate, Sales $128.05M Beat $125.45M Estimate

Press Releases

ACV to Report Second Quarter 2024 Financial Results on August 7, 2024

ACV Announces Second Quarter 2024 Results

ACV Announces Participation in Upcoming Investor Conferences

General

ACV Showcases Consumer Vehicle Acquisition Solutions at Digital Dealer Conference & Expo

ACV to Report Third Quarter 2024 Financial Results on November 7, 2024

ACV Announces Third Quarter 2024 Results

ACV to Participate in the 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference

ACV to Showcase AI-Powered Data Solutions at 2025 National Automobile Dealers Association Conference

ACV to Report Fourth Quarter 2024 Financial Results on February 19, 2025, and Host Analyst Day on March 11, 2025

Comments

ACV Auctions

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga