Acv Auctions, Inc. ( (ACVA) ) has released its Q2 earnings. Here is a breakdown of the information Acv Auctions, Inc. presented to its investors.
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ACV Auctions Inc. operates a wholesale auction marketplace facilitating business-to-business used vehicle sales between dealerships, offering additional services such as vehicle transportation and financing. In its latest earnings report for the quarter ended June 30, 2025, ACV Auctions reported a total revenue of $193.7 million, an increase from $160.6 million in the same period last year. Despite the revenue growth, the company posted a net loss of $7.3 million, an improvement from the $17.1 million loss in the previous year. Key financial metrics showed an increase in marketplace and service revenue, driven by auction marketplace and other marketplace revenues. The company’s operating expenses also rose, primarily due to increased costs in operations and technology, and selling, general, and administrative expenses. Looking ahead, ACV Auctions remains focused on expanding its marketplace platform and enhancing its service offerings to capture a greater share of the wholesale vehicle market, while managing operational costs and striving for profitability.