Financial PerformanceCost discipline led to solid growth in adjusted EBITDA, with record revenue and cost discipline resulting in adjusted EBITDA of $18.6 million from $7.1 million.
Growth OpportunitiesACV’s total market opportunity offers a long runway for growth with dealer wholesale units of 10 million, commercial wholesale units of 6 million, along with over 50,000 dealers for data services encompassing a market opportunity of greater than $13 billion of marketplace revenue.
Market PositionThe company is viewed as having a solid presence in the digital auction arena, allowing it to be one of the few dominant players in the long-term.