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home / news releases / KAR - ACV Auctions Doubles Down On Market Share Growth For 2022

KAR - ACV Auctions Doubles Down On Market Share Growth For 2022

KAR Auction Services Inc
  • ACV Auctions went public in March 2021, raising $414 million in gross proceeds.
  • The firm provides a car auction and services platform to U.S.-based car dealerships.
  • ACVA has grown revenue but is generating higher operating losses, a negative in the current market environment.
  • I'm on Hold for ACVA for the near term as it plans to continue its elevated spending to compete for market share.

For further details see:

ACV Auctions Doubles Down On Market Share Growth For 2022
Stock Information
Company Name: KAR Auction Services Inc
Stock Symbol: KAR
Market: NYSE
Website: karglobal.com
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