ACVA - Public offerings

Bill Zerella to Depart ACV to Pursue Another Opportunity ACV (NYSE:ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today announced that Tim Fox, Vice President of Investor Relations and Strategic Finance, has been appointed Chief Financial Officer, effective August 11, 2026. Fox will succeed Bill Zerella, who is departing the Company to become Chief Financial Officer of another company. Zerella, who joined ACV in 2019 to guide the Company through its successful 2021 initial public offering and has been instrumental in its growth as a public company since, will serve in an advisory role through October 2, 2026 to ensure a seam

Gained Market Share and Delivered 21% Revenue GrowthAdjusted EBITDA Ahead of Guidance Fourth quarter revenue of $118 million and full-year revenue of $481 millionFourth quarter GAAP net income (loss) of ($23) million and full-year GAAP net income (loss) of ($75) millionFourth quarter Adjusted EBITDA of ($5) million and full-year Adjusted EBITDA of ($18) million Expects 2024 revenue of $610 million to $625 million, growth of 27% to 30% YoY; expects 2024 Adjusted EBITDA of $20 million to $25 million BUFFALO, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported re

Gained Market Share, Delivered 18% Full-Year Revenue Growth Adjusted EBITDA Ahead of Guidance Fourth quarter revenue of $98 million and full-year revenue of $422 millionFourth quarter GAAP net loss of $25 million and full-year GAAP net loss of $102 millionFourth quarter Adjusted EBITDA loss of $13 million and full-year Adjusted EBITDA loss of $56 million Expects 2023 revenue of $460 million to $470 million, representing growth of 9% to 11% YoY; expects 2023 Adjusted EBITDA loss of $30 million to $35 million BUFFALO, N.Y., Feb. 22, 2023 (GLOBE NEWSWIRE) --  ACV (NASDAQ:ACVA), the leading online automotive marketplace and data services partner for dealers, today reported results for its fo

Gains Market Share, Delivers Solid Revenue Growth and Margin Improvement Updates 2022 Guidance Third quarter revenue of $105 million, up 15% YoYThird quarter GAAP net loss of $24 millionThird quarter Adjusted EBITDA loss of $12 million; Adjusted EBITDA margin expansion of ~200 basis points from third quarter 2021 Expects 2022 revenue of $421 million to $424 million, growth of 17% to 18% YoY; expects 2022 Adjusted EBITDA loss of $59 million to $61 million BUFFALO, N.Y., Nov. 09, 2022 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading online automotive marketplace and data services partner for dealers, today reported results for its third quarter ended September 30, 2022. "We are very ple

Gains Market Share, Delivers Solid Revenue Growth and Margin ImprovementUpdates 2022 Guidance Second quarter revenue of $115 million, up 18% YoYSecond quarter GAAP net loss of $25 millionSecond quarter Adjusted EBITDA loss of $14 million; Adjusted EBITDA margin expansion of ~500 basis points from first quarter 2022 Expects 2022 revenue of $427 million to $432 million, growth of 19% to 21% YoY; expects 2022 Adjusted EBITDA loss of $57 million to $59 million BUFFALO, N.Y., Aug. 10, 2022 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading online automotive marketplace and data services partner for dealers, today reported results for its second quarter ended June 30, 2022. "We are very

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 and data services partner for dealers, today reported results for its first quarter ended March 31, 2022. "We are very pleased with our solid results in the first quarter, which once again exceeded revenue expectations, despite the ongoing hea

Achieves $100 million Quarterly Revenue MilestoneProvides 2022 Guidance and 2026 Financial Targets Fourth quarter revenue of $100.2 million, up 86% YoY and full-year revenue of $358.4 million, up 72% YoYFourth quarter GAAP net loss of $26.3 million and full-year GAAP net loss of $78.2 millionFourth quarter Adjusted EBITDA loss of $15.7 million and full-year Adjusted EBITDA loss of $44.1 million Expects 2022 revenue of $450 million to $460 million, representing growth of 26% to 28% YoY; expects 2022 Adjusted EBITDA loss of $53 million to $57 millionEstablishes 2026 financial targets of $1.3 billion in revenue and $325 million of Adjusted EBITDA BUFFALO, N.Y., Feb. 16, 2022 (GLOBE

Third quarter total revenue of $91.8 million, up 36% YoYGAAP net loss of $24.8 million, compared to GAAP net income of $3.2 million in third quarter 2020Adjusted EBITDA loss of $12.4 million, compared to Adjusted EBITDA of $3.3 million in third quarter 2020Raises 2021 revenue guidance to a range of $341 to $344 million; YoY growth of 64% to 65% BUFFALO, N.Y., Nov. 10, 2021 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading online automotive marketplace for dealers, today reported results for its third quarter ended September 30, 2021. "We were very pleased with our solid results in the third quarter, which once again exceeded expectations, despite ongoing supply challenges impacting the

Second quarter total revenue of $97.4 million, up 117% YoYGAAP net loss of $9.7 million, compared to GAAP net loss of $4.4 million in second quarter 2020Adjusted EBITDA loss of $3.7 million, compared to Adjusted EBITDA loss of $1.5 million in second quarter 2020Raises 2021 revenue guidance to a range of $332 to $338 million; YoY growth of 59% to 62% BUFFALO, N.Y., Aug. 11, 2021 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading online automotive marketplace for dealers, today reported results for its second quarter ended June 30, 2021. "We were very pleased with our strong results in the second quarter, which were driven by continued market share gains, growing adoption of ACV's

First quarter total revenue of $69.1 million, up 64% year over yearGAAP net loss of $17.4 million, compared to GAAP net loss of $27.5 million in first quarter 2020Adjusted EBITDA loss of $12.4 million, compared to Adjusted EBITDA loss of $24.4 million in first quarter 2020Initiates full year 2021 revenue guidance of $307 to $313 million; year-over-year growth of 47% to 50% BUFFALO, N.Y., May 13, 2021 (GLOBE NEWSWIRE) -- ACV Auctions Inc. (NASDAQ:ACVA), the leading online automotive marketplace for dealers, today reported results for its first quarter ended March 31, 2021. "2021 is off to a great start with growth driven by our highly trusted, digitally native platform that is transfo

Total investment income grew 59.9% to $1.0 million compared with the prior-year period Net asset value per share increased 16.9% to $20.87 per share from $17.86 per share at December 31, 2020 Total investments made in quarter were $6.7 million, of which $4.6 million was for new portfolio companies Received $4.5 million in exits and loan repayments during the quarter Paid first quarterly dividend of $0.10 per share on March 29, 2021; Announced second quarter dividend of $0.10 per share on April 29, 2021 Board of Directors renews $1.5 million share repurchase program Rand Capital Corporation (NASDAQ:RAND) ("Rand" or the "Company"), a business development company ("BDC"), announce