ACV Auctions Inc (NAS:ACVA)
$ 19.09 0.41 (2.19%) Market Cap: 3.15 Bil Enterprise Value: 2.94 Bil PE Ratio: 0 PB Ratio: 6.86 GF Score: 57/100
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ACV Auctions Inc at Citi Global Technology Conference Transcript

Sep 08, 2023 / 04:15PM GMT
Release Date Price: $16.35 (-3.60%)
Ronald Victor Josey
Citigroup Inc., Research Division - MD and Co-Head of Tech & Communications

Let's get started here. This is exciting. It's the last fireside chat of the conference. So I had a distinction for opening it at 7:30 a.m. on Tuesday, and now I get the last one on -- provided, let's say the best for last, exactly.

So I'm Ron Josey, the North America Internet Equity Research Practice here at Citi. And today, we have very special guests. I always like to see them from ACV Auctions. You have Vikas Mehta, the Head -- COO, right? And Tim Fox, the Head of IR for ACV Auctions. And so look, we've always said and believe that ACV is transforming the wholesale auto market. Digital -- whole digital marketplace for wholesale, it doesn't really exist. And so you all are highlighting and building that as we speak. And so there's a lot to go through. I think ACV's marketplace is sold, what, 600,000 units this year, thereabouts. And more and more ancillary services are being adopted. And so there's, and we're getting to hopefully to profitability at some point. There's a path to that, right?

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