ACV Auctions Inc (NAS:ACVA)
$ 18.61 0.17 (0.92%) Market Cap: 3.06 Bil Enterprise Value: 2.83 Bil PE Ratio: 0 PB Ratio: 6.68 GF Score: 57/100
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ACV Auctions Inc at Bank of America Global Technology Conference Transcript

Jun 07, 2022 / 05:15PM GMT
Release Date Price: $8.54 (-0.47%)
Nathaniel Holmes Schindler
BofA Securities, Research Division - Director in Equity Research

We have with us Investor Relations for ACV Auctions. Actual Cash Value, that's what that stands for. It took me about probably 4 months into the IPO process before I even knew what that meant.

Questions & Answers

Nathaniel Holmes Schindler
BofA Securities, Research Division - Director in Equity Research

So Actual Cash Value Auctions. Tim, why don't you jump it off. You guys have a relatively new IPO in those cohorts from '20 and '21, where you know kind of got lost in the more recent COVID macro noise. Can you -- so a lot of people would look -- probably, it would help for people to know what you guys really do. Can you just go over the business and give a basic introduction?

Timothy M. Fox
ACV Auctions Inc. - VP of IR

Sure. Happy to. Thanks for having us here, Nat. So ACV was founded in -- basically in 2016 with this idea that the automotive wholesale market, which is a big market, was being served primarily

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