10 Stocks Mirror Wall Street Downturn

6. ACV Auctions Inc. (NASDAQ:ACVA)

ACV Auctions Inc. (NASDAQ:ACVA) fell for a third day on Thursday, losing 9.98 percent to close at $18.59 apiece as investor sentiment was dampened by disappointing earnings results.

In a statement, ACVA said net loss widened by 12.5 percent to close at $26.1 million from $23.2 million in the same period last year, despite revenues growing by 35 percent to $159 million from $118 million year-on-year.

Net loss for the full year also grew by 5.9 percent to $79.7 million from $75.26 million, while revenues increased by 32 percent to $637 million from $481 million.

For the first quarter of the year, ACVA expects revenues to settle between $180 million and $185 million, or an increase of 24 percent to 27 percent year-on-year. It also expects to remain at a net loss ranging from $19 million to $21 million for the quarter.

For the full year, revenues were pegged at $765 million to $785 million, or a 20 to 23 percent growth, and net loss to settle between $52 million to $62 million.