We recently published 10 Stocks That Vanished in Value ACV Auctions Inc. (NYSE:ACVA) is one of the worst-performing stocks on Tuesday.
ACV Auctions fell for a fourth straight day on Tuesday, dropping 16.33 percent to close at $11.17 apiece, after lowering the high end of its revenue outlook for full-year 2025.
In its updated report, ACV Auctions Inc. (NYSE:ACVA) said it now expects 2025 revenues to be at $765 million to $775 million, as compared with the $765 million to $785 million targeted previously.
This would mean a year-on-year growth of 20 to 22 percent, versus the 20 to 23 percent expected previously.
The lower guidance reflected expectations that the dealer wholesale market will end the year flat or dip modestly year-on-year.
In the second quarter of the year, net loss narrowed by 57 percent to $7.3 million from $17.06 million in the same period last year. Total revenues were higher by 20.6 percent to $193.7 million from $160.6 million.
In the first half, net loss shrank by 41 percent to $22 million from $37.5 million, while revenues fell by 22.87 percent to $376 million from $306 million in the same comparable period.
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