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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6827.42
6827.42
6827.42
6899.86
6801.80
-73.58
-1.07%
--
DJI
Dow Jones Industrial Average
48458.04
48458.04
48458.04
48886.86
48334.10
-245.98
-0.51%
--
IXIC
NASDAQ Composite Index
23195.16
23195.16
23195.16
23554.89
23094.51
-398.69
-1.69%
--
USDX
US Dollar Index
97.960
98.040
97.960
98.070
97.920
+0.010
+ 0.01%
--
EURUSD
Euro / US Dollar
1.17336
1.17343
1.17336
1.17447
1.17283
-0.00058
-0.05%
--
GBPUSD
Pound Sterling / US Dollar
1.33650
1.33660
1.33650
1.33740
1.33546
-0.00057
-0.04%
--
XAUUSD
Gold / US Dollar
4343.05
4343.39
4343.05
4347.21
4294.68
+43.66
+ 1.02%
--
WTI
Light Sweet Crude Oil
57.532
57.569
57.532
57.601
57.194
+0.299
+ 0.52%
--

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Stats Office - Botswana November Consumer Inflation At 0.0% Month-On-Month

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German Nov Wholesale Prices +0.3% Month-On-Month

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India's Nifty 50 Index Pares Losses, Last Down 0.1%

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EU's Kallas: Important To Have Belgium On Board For Reparations Loan

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India's Sept WPI Inflation Revised To 0.19% Year-On-Year

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          Why ACV Auctions (ACVA) Stock Is Down Today

          Stock Story
          ACV Auctions Inc.
          -1.36%

          ACVA Cover Image

          What Happened?

          Shares of online used car auction platform ACV Auctions (NASDAQ:ACVA) fell 15.7% in the afternoon session after the company reported second-quarter results that missed revenue expectations and lowered its full-year sales forecast. For the quarter, revenue was $193.7 million, a 1.2% miss against Wall Street estimates. The outlook was also concerning, as the company's revenue guidance for the next quarter came in 1.9% below analysts' expectations. Compounding the issue, ACV Auctions trimmed its full-year revenue guidance to $770 million at the midpoint, down from $775 million previously. Although its GAAP loss per share of $0.04 beat estimates, this was not enough to outweigh the weaker revenue performance and reduced outlook, which pointed to a slowdown.

          The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy ACV Auctions? Access our full analysis report here, it’s free.

          What Is The Market Telling Us

          ACV Auctions’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. But moves this big are rare even for ACV Auctions and indicate this news significantly impacted the market’s perception of the business.

          The biggest move we wrote about over the last year was 6 months ago when the stock dropped 9.2% on the news that the company reported weak fourth-quarter results, and provided full-year revenue and EBITDA guidance below Wall Street's estimates. The outlook assumes a flat dealer wholesale market, which may limit upside potential in the near term. In addition, margins deteriorated and the company burned cash during the quarter. On the other hand, ACVA blew past analysts' EBITDA expectations this quarter. It also expanded its number of units sold, leading to a revenue beat. Still, this was a softer quarter due to the outlook.

          ACV Auctions is down 46.9% since the beginning of the year, and at $11.13 per share, it is trading 52% below its 52-week high of $23.17 from December 2024. Investors who bought $1,000 worth of ACV Auctions’s shares at the IPO in March 2021 would now be looking at an investment worth $356.

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Meta, Goldman Sachs lead Tuesday’s market cap stock movers

          Investing.com
          ACV Auctions Inc.
          -1.36%
          Mercury Systems
          -2.76%
          United Airlines
          -1.43%
          American Express
          -0.61%
          Bank of America
          +1.06%

          Tuesday’s market has seen notable shifts with several stocks making significant intra-day movements. Mega-cap stocks like Facebook Inc (NASDAQ:META) and Goldman Sachs Group (NYSE:GS) are experiencing upward trends, while large-cap stocks such as Sea Limited (NYSE:SE) and Tencent Music Entertainment Group (NYSE:TME) also show impressive gains. Here’s a rundown of today’s key stock movers, from the biggest names to smaller entities.

          Mega-Cap Movers (Market Cap $200B+):

          • Facebook Inc (META): expands partnership with Japan’s SOMPO Holdings; +3.2%
          • Goldman Sachs Group (GS): +3.89%
          • Alibaba-exch (BABA): +3.04%
          • Bank Of America (NYSE:BAC): +2.83%
          • Morgan Stanley (MS): +2.84%
          • United Health Group (NYSE:UNH): -49.54%
          • Palantir Technologies Inc (NASDAQ:PLTR): +2.7%
          • American Express (NYSE:AXP): +2.52%
          • Wells Fargo (WFC): +2.42%
          • Avago Technologies (NASDAQ:AVGO): +2.27%

          Large-Cap Stock Movers (Market Cap $10B-$200B):

          • Sea Limited (SE): +20.3%
          • Tencent Music Entertainment Group (TME): +12.09%
          • Summit Therapeutics PLC (NASDAQ:SMMT): -11.19%
          • New Providence Acquisition Corp N (ASTS): +10.43%
          • United continenta (NASDAQ:UAL): +9.76%
          • NIO Inc (NYSE:NIO): -8.66%
          • Unity Software Inc (NYSE:U): +10.09%
          • On Holding (ONON): +8.68%
          • AltC Acquisition (OKLO): +8.21%
          • Delta air lines new (NYSE:DAL): +8.46%

          Mid-Cap Stock Movers (Market Cap $2B-$10B):

          • Mercury Computer (NASDAQ:MRCY): shares rise as Q4 results exceed expectations; +23.11%
          • GigCapital4 (BBAI): BigBear.ai shares plummet after revenue miss and guidance cut; -17.95%
          • ACV Auctions (ACVA): -17.3%
          • Resideo Tech (REZI): Morgan Stanley upgrades Resideo Technologies (NYSE:REZI) stock to Overweight on earnings potential; +14.16%
          • Celanese (NYSE:CE): shares plunge 11% as weak outlook overshadows Q2 beat; -12.44%
          • Bitmine Immersion (NASDAQ:IMMR) Tech (BMNR): +10.26%
          • AAON (NASDAQ:AAON): +11.08%
          • Xometry (XMTR): +11.32%
          • ETHU (ETHU): +10.81%
          • American Airlines Group (NASDAQ:AAL): +10.4%

          Small-Cap Stock Movers (Market Cap $300M-$2B):

          • KBL Merger IV (ATNF): 180 Life Sciences holds 82,186 ETH valued at $349 million; +175.51%
          • Green Dot Corp (NYSE:GDOT): stock soars 21% following Q2 beat and raise; +32.53%
          • Tonix Pharm (NASDAQ:TNXP): +31.88%
          • Alcobra Ltd (ARCT): Arcturus Therapeutics (NASDAQ:ARCT) shares edge higher despite earnings miss in Q2; +28.93%
          • Hanesbrands (NYSE:HBI): Gildan Is Said To Weigh Hanesbrands (HBI) Offer At About $6/Sh - Bloomberg; +27.74%
          • Lightbridge Corp (LTBR): Lightbridge and Oklo to explore co-located nuclear fuel facility; +28.33%
          • Eastman Kod (NYSE:KODK): shares tumble as Q2 earnings swing to loss; -24.56%
          • Frontier Group Holdings (NASDAQ:ULCC): +24.32%
          • Fluence Energy (FLNC): shares tumble 14% as Q3 revenue misses estimates; -19.64%
          • Inflection Point Acquisition II (USAR): USA Rare Earth signs MOU with Enduro for neo magnet supply; +18.46%

          For real-time, market-moving news, join Investing Pro.

          This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Dj Acv Auctions Price Target Cut To $21.00/Share From $26.00 By Goldman Sachs

          Reuters
          ACV Auctions Inc.
          -1.36%
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Dj Acv Auctions Is Maintained At Buy By Goldman Sachs

          Reuters
          ACV Auctions Inc.
          -1.36%
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          ACV Auctions Is Maintained at Buy by Goldman Sachs

          Dow Jones Newswires
          ACV Auctions Inc.
          -1.36%
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Dj Acv Auctions Shares Slide On 2Q Revenue Miss

          Reuters
          ACV Auctions Inc.
          -1.36%
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          ACV Auctions Shares Slide on 2Q Revenue Miss

          Dow Jones Newswires
          ACV Auctions Inc.
          -1.36%

          By Nicholas G. Miller

          Shares of ACV Auctions fell after the company reported second-quarter revenue that missed analysts' expectations.

          The stock was down 18% to $11 and is down 49% so far this year.

          The digital vehicle sales platform said its loss narrowed to $7.3 million, or 4 cents a share, from a loss of $17.1 million, or 10 cents a share, in the prior-year period. Analysts expected a loss of 6 cents a share, according to FactSet.

          Revenue was $193.7 million, up from $160.6 million the year prior. Wall Street expected $195.9 million. The company said growth in the dealer wholesale market decelerated due to weakening retail demand and higher trade retention rates at dealerships.

          ACV Auctions guided for third-quarter revenue of $198 million to $203 million and full-year revenue of $765 million to $775 million. Analysts had previously seen third-quarter revenue of $204.1 million and full-year revenue of $774.8 million.

          Write to Nicholas G. Miller at nicholas.miller@wsj.com.

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share
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