12 High Growth Low Debt Stocks to Invest in Now

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5. ACV Auctions Inc. (NASDAQ:ACVA)

EPS Growth Rate (Next 5 Years): 155.06%

ACV Auctions Inc. (NASDAQ:ACVA) operates a digital marketplace for wholesale vehicle transactions, providing transparent and data-driven solutions for buyers and sellers.

ACV Auctions Inc. (NASDAQ:ACVA) has announced its transfer to the New York Stock Exchange (NYSE), with trading set to begin on March 24, 2025, under its existing ticker symbol “ACVA”. The move is aimed at enhancing market visibility, liquidity, and global investor reach, reinforcing ACV’s position as a leading digital automotive marketplace. CFO Bill Zerella highlighted the strategic benefits of the NYSE’s infrastructure, aligning with the company’s mission to expand its presence in the wholesale vehicle and data services market.

ACV Auctions Inc. (NASDAQ:ACVA) reported strong FY2024 results, with revenue rising 32% YoY to $637 million, driven by a 36% increase in Marketplace and Service revenue. The company achieved a turnaround in profitability, with Adjusted EBITDA improving to $28 million from a loss of $18 million in 2023. Marketplace GMV grew to $9.5 billion a 7% increase year over year, while marketplace units sold increased 24% to 743,008. Looking ahead, ACV expects FY2025 revenue of $765-$785 million, reflecting 20-23% YoY growth.

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