Record Revenue and Growth
Q2 revenue was $194 million, representing a 21% year-over-year growth, with 210,000 vehicles sold, marking a 13% increase despite market deceleration.
Adjusted EBITDA Margin Improvement
Adjusted EBITDA margins more than doubled year-over-year, with a 520 basis point improvement in Q2.
ACV Capital and Transport Growth
ACV Capital achieved over 60% revenue growth in Q2, marking the third consecutive quarter of accelerated growth. ACV Transport set records for both revenue and transport delivery.
AI-Driven Innovations
Introduction of AI-enabled tools such as Virtual Lift 2.0 and Project Viper, with plans for commercialization in 2026, and positive pilot feedback from dealer partners.
Strong Financial Position
ACV ended Q2 with $305 million in cash and cash equivalents, highlighting a strong capital structure.