Acv Auctions, Inc. ( (ACVA) ) has released its Q1 earnings. Here is a breakdown of the information Acv Auctions, Inc. presented to its investors.
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ACV Auctions, Inc. is a prominent digital automotive marketplace and data services provider, catering to dealers and commercial clients with a suite of innovative solutions for sourcing, selling, and managing used vehicles.
In its first quarter of 2025, ACV Auctions reported robust revenue growth, with revenues reaching $183 million, a 25% increase from the previous year. The company also achieved an adjusted EBITDA of $14 million, surpassing the high-end of its guidance. Despite a GAAP net loss of $15 million, the company recorded a non-GAAP net income of $7 million, reflecting its strategic focus on expanding market share and enhancing dealer solutions.
Key highlights from the quarter include a 28% increase in marketplace and service revenue, a 19% rise in marketplace units to 208,025, and a marketplace GMV of $2.6 billion, up 13% year-over-year. ACV’s strategic initiatives to support its commercial wholesale strategy and its leading market position contributed to these gains, despite challenges such as the ongoing shortage of used vehicle inventory.
Looking forward, ACV Auctions maintains its 2025 guidance, expecting total revenue between $765 million and $785 million, representing a 20% to 23% year-over-year growth. The company anticipates a GAAP net loss of $50 million to $60 million and an adjusted EBITDA of $65 million to $75 million, as it continues to navigate the evolving macroeconomic environment and execute its growth strategies.