ACV to Host Analyst Day on March 1, 2022 and Report Fourth Quarter and Full Year 2021 Financial Results on February 16, 2022
19 January 2022 - 12:00AM
ACV (Nasdaq: ACVA) announced today that it will host an analyst day
on Tuesday, March 1, 2022 in New York City. ACV also announced that
it will report fourth quarter and full year 2021 financial results
following the close of market on Wednesday, February 16, 2022. On
that day, management will host a conference call and live webcast
at 5:00 p.m. ET to discuss the company’s strong fourth quarter
financial results that are expected to exceed the high-end of the
Revenue guidance range provided on November 10, 2021, and a
lower-than-expected Adjusted EBITDA loss.
Analyst Day
ACV’s analyst meeting will feature George Chamoun, CEO of ACV,
and Bill Zerella, CFO of ACV, along with other senior executives
highlighting four key themes:
|
1) |
ACV’s strategy to digitally transform the automotive market. |
|
2) |
The significant growth, market
penetration and share gains ACV has achieved across its national
marketplace. |
|
3) |
How innovation is further
extending ACV’s competitive market position while creating exciting
new growth vectors. |
|
4) |
ACV’s strong unit economics,
the company’s plan to achieve Adjusted EBITDA profitability exiting
2023, and the company’s 2026 financial targets. |
The meeting will be held at the Nasdaq MarketSite, 4 Times
Square in midtown Manhattan. A live webcast of the event will also
be accessible on ACV’s website at https://investors.acvauto.com.
The program will begin at 1:00 p.m. and conclude at 4:00 p.m.
followed by a reception with ACV’s management team. Formal
invitations and registration will be available in early
February.
Fourth Quarter and Full Year 2021 Financial Results
When: February 16, 2022
Time: 5:00 p.m. ET
Live Call: (833) 607-1658 or (914) 987-7871; Conference ID:
8591484
Live Webcast: https://investors.acvauto.com
An archived webcast of the conference call will be available on
the investor relations page of the Company’s website at
https://investors.acvauto.com. A telephonic replay of the
conference call will be available until Wednesday, February 23,
2022, and can be accessed by dialing (855) 859-2056, or (404)
537-3406 and entering passcode 8591484 .
Forward-Looking Statements
This presentation contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements concerning our strategy and avenues
for long-term growth, our plan to achieve Adjusted EBITDA
profitability in 2023 and our expectations regarding our financial
performance for the fourth quarter of 2021 and the full year of
2021. In some cases, you can identify forward-looking statements
because they contain words such as “anticipate,” “believe,”
“contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “plan,” “potential,” “predict,” “project,” “should,”
“target,” “will” or “would” or the negative of these words or other
similar terms or expressions. You should not rely on
forward-looking statements as predictions of future events.
The forward-looking statements contained in this presentation
are based on ACV’s current assumptions, expectations and beliefs
and are subject to substantial risks, uncertainties and changes in
circumstances that may cause ACV’s actual results, performance or
achievements to differ materially from those expressed or implied
in any forward-looking statement. These risks and uncertainties
include, but are not limited to: (1) our history of operating
losses; (2) our limited operating history; (3) our ability to
effectively manage our growth; (4) our ability to grow the number
of participants on our platform; (5) our ability to acquire new
customers and successfully retain existing customers; (6) our
ability to effectively develop and expand our sales and marketing
capabilities; (7) breaches in our security measures, unauthorized
access to our platform, our data, or our customers’ or other users’
personal data; (8) risk of interruptions or performance problems
associated with our products and platform capabilities; (9) our
ability to adapt and respond to rapidly changing technology or
customer needs; (10) our ability to compete effectively with
existing competitors and new market entrants; (11) our ability to
comply or remain in compliance with laws and regulations that
currently apply or become applicable to our business in the United
States and other jurisdictions where we elect to do business; (12)
general market, political, economic, and business conditions; and
(13) the impact that the ongoing COVID-19 pandemic and any related
economic downturn could have on our or our customers’ businesses,
financial condition and results of operations. These risks and
uncertainties are more fully described in our filings with the
Securities and Exchange Commission (“SEC”), including in the
section entitled “Risk Factors” in our Quarterly Report on Form
10-Q for the quarter ended September 30, 2021, filed with the SEC
pursuant on November 10, 2021. Additional information will be made
available in our upcoming Annual Report on Form 10-K for the year
ended December 31, 2021 and other filings and reports that we may
file from time to time with the SEC. New risks emerge from time to
time. It is not possible for our management to predict all risks,
nor can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements we may make. In light of these risks,
uncertainties and assumptions, we cannot guarantee future results,
levels of activity, performance, achievements, or events and
circumstances reflected in the forward-looking statements will
occur. The forward-looking statements made in this presentation
relate only to events as of the date on which the statements are
made. We undertake no obligation to update any forward-looking
statements made in this presentation to reflect events or
circumstances after the date of this presentation or to reflect new
information or the occurrence of unanticipated events, except as
required by law.
About ACV Auctions
ACV provides a vibrant digital marketplace for wholesale vehicle
transactions and data services that offers transparent and accurate
vehicle information to customers. On a mission to build and enable
the most trusted and efficient digital marketplaces for buying and
selling used vehicles, ACV's platform leverages data insights and
technology to power its digital marketplace and data services,
enabling dealers and commercial partners to buy, sell and value
vehicles with confidence and efficiency. ACV's network of brands
includes ACV Auctions, ACV Transportation and ACV Capital within
its Marketplace Products as well as True360, ACV Data Services and
MAX Digital.
Investor Contact:Tim
Foxtfox@acvauctions.com
Media Contact:Maura
Dugganmduggan@acvauctions.com
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