ACV Auctions: Too Many Red Flags
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
ACV Auctions stock has plummeted 57% over six months, now at $4.36 per share due to weak quarterly results. Despite potential as a bargain, investors should pass due to red flags in the online car auction space. The companys gross margins are thin at 27.1% over two years, with high expenses for basics. ACV spends heavily on growth, burning through cash on sales and marketing. Free cash flow margins are low, leaving little room for reinvestment or shareholder rewards. Better investment options exist, such as top endpoint security names or high-growth revenue rockets.
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