What is ACV Auctions Inc.?
provides a wholesale auction marketplace to facilitate business-to-business used vehicle sales between a selling and buying dealership.
The story behind the price, the case for and against, and what could go wrong. Open a part to read it.
provides a wholesale auction marketplace to facilitate business-to-business used vehicle sales between a selling and buying dealership. The company offers marketplace platform includes digital marketplace that connects buyers and sellers by providing auctions, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green customer assurance services for claims against defects in the vehicle. The company is listed on the NYSE in USA, operating in the Consumer Cyclical sector, with a market capitalisation of 1.19B.
A short list of Auto & Truck Dealerships names that are close enough in size to make side-by-side comparison useful.
| Shares sold | Shares bought | |
|---|---|---|
| 0-3months | 0 | 0 |
| 3-6months | 0 | 0 |
| 6-9months | 23,500 shares $30k | 369,730 shares $497k |
| 9-12months | 23,500 shares $33k | 2992,979 shares $5.6M |