Professional
Added to YB: 2024-05-29
Pitch date: 2024-04-16
ACVA [bullish]
ACV Auctions Inc.
-54.05%
current return
Author Info
Optimist Fund is a concentrated, global growth-oriented value investment partnership Follow on Twitter/X.
Company Info
ACV Auctions Inc. provides a wholesale auction marketplace to facilitate business-to-business used vehicle sales between a selling and buying dealership.
Market Cap
$1.1B
Pitch Price
$17.39
Price Target
N/A
Dividend
N/A
EV/EBITDA
-25.88
P/E
-14.65
EV/Sales
1.41
Sector
Commercial Services and Supplies
Category
growth
Optimist Fund Portfolio Holding: ACV Auctions Inc.
ACVA: Wholesale auto auction platform sees accelerating growth as market rebounds. 2024 revenue guided +25-30% with positive adj EBITDA. Believe wholesale auto in early stages of multi-year tailwind to dramatically boost ACV's revenue & FCF generation.
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